NJ sports betting revenue down as igaming soars

The New Jersey Division of Gaming Enforcement has reported a 58.4% year-on-year decline in sports betting revenue in March, primarily due to the widespread shutdown of sports events as a result of the novel coronavirus (Covid-19) crisis.

However, the state’s online gaming market enjoyed a particularly strong month, with poker the standout performer.

Sports betting revenue amounted to $13.2m last month, down from $31.7m in March 2019 and also 22.4% lower than $17.0m in February of this year.

Players in the state wagered a total of $181.9m on sports in March, a decline of 51.2% from $372.5m last year, with betting options severely limited due to the majority of sports events being postponed or cancelled due to the pandemic.

Read the full story on iGB North America.