New Jersey Sets $165 million iGaming Revenue Record for March

New Jersey Sets $165 million iGaming Revenue Record for March

Published Date · April 19, 2023 · Last Updated · April 19, 2023 ·Read Time · 2 mins

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
New Jersey Sets iGaming Revenue Record for March

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.

Land-Based Success

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.

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Nosa

Content Editor