New Jersey Sets $165 million iGaming Revenue Record for March
The state of New Jersey has recorded iGaming revenue figures of $165.7 million for the month of March, which represents a record figure for The Garden State.
- Online casino revenue hits $165.7 million for March, setting a new record
- Three operators record $40 million or more in revenue
- Overall gambling revenue reaches $487.4 million
March’s figure eclipsed the previous record of $152.9 million - set in January 2023 - by 8.4%. From the total iGaming revenue, $2.5 million came from online poker - platform, which saw a 1.5% year-on-year decrease.
Operators Flying High
Three online casino operators had revenue surpassing $40 million during March, with two of them setting new records in the process.
Resorts Digital were the leading operator in the state, generating revenue of $44.9 million - the highest monthly figure ever recorded in New Jersey.
Borgata Casino was second placed with $43.9 million, up 10.5% from the previous month and an increase of 6.2% compared to March 2022.
Golden Nugget rounded out the top three, setting its own record revenue figure of $42.7 million - 11.6% higher than last year.
In terms of land-based casinos, overall revenue rose 5.6% to $228.6 million. Slot machines made up $164.8 million of the total (up 6.7%), with table games contributing $63.9 million (a 5.6% increase.
Borgata was the best-performing land-based casino during March, posting revenue of $61.5 million.
Sports Betting Skyrockets
With regards to sports betting, revenue shot up 40.1% year-on-year to $93.0 million, even though New Jersey experienced an 8.0% drop in handle for the month.
Online sports betting proved most popular, with $975.2 million wagered online. Retail sportsbooks accounted for $50.6m of the revenue total.
The FanDuel-affiliated Meadowlands was the top sportsbook with $39.8 million in total revenue the month. Resorts Digital and DraftKings were next with $29.8 million, followed by Borgata and BetMGM with $8.2 million.