New Jersey gambling revenue rockets 119.8% YoY in March

| By Robert Fletcher
Gambling revenue in New Jersey hiked 119.8% year-on-year in March as the state’s Division of Gaming Enforcement reported growth across the sports betting, igaming and land-based casino segments.

Total market revenue for the month amounted to $359.3m (£258.9m/€298.9m), up from $163.5m in March of last year, though the 2020 figures were impacted heavily by land-based casino closures and a lack of sports betting options due to events being cancelled – both in line with novel coronavirus (Covid-19) restrictions.

The sports betting segment saw the most growth, with revenue here jumping 360.9% year-on-year to $60.8m. Players wagered a total of $859.6m on sports during the month, with this split between $780.1m online and $79.5m at retail sportsbooks.

FanDuel and PointsBet at Meadowlands were again the market leaders in February, posting $31.3m in revenue, up 125.4% on the previous year, ahead of Resorts Digital and DraftKings on $14.1m, then the Borgata on $6.3m.

Looking at online gaming for the month and revenue here reached $113.7m, an increase of 75.4% from $64.8m in March 2020. Online slots accounted for $111.0m of this total, with the remaining $2.7m attributed to peer-to-peer poker.

Read the full story on iGB North America.

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