Sports and iGaming operators in New Jersey have seen a record revenue increase in March. The state posted a 34.5% increase year-on-year revenue for gaming, which increased to $294.0M for the month of March.
Land Based Casino Popularity
The main source of revenue for the state is still the land-based casinos with an increase of 15.7% year-on-year to $223.2M Slots and table games were the main drive in this market increase.Online gambling sees revenue up by 53% to $39.1M overtaking the last total set in January. The only market sector that have seen a decline was poker, which fell by 1.6% to $5.6M.The main land based casino Golden Nugget, are still the leading operator in the market with profits up by 64.4% with revenue reaching $14.2M.
Sports Betting Revenue Rising
Since the state legalised Sports betting after the US Supreme Court Ruling, the monthly report for March has seen wagering hit it’s highest monthly total so far at $31.7M.Meadowlands, who partner Paddy Power Betfair’s FanDuel are still the market leaders with sports betting revenue of $17.6M in March.Total revenue from gaming in the NJ for the first three months of this year is a colossal $764.8M , this is an increase of 28.6% from the same period last year. Online gambling up by 50.3% to $104.5M, and sports betting figures reached $63.2M in the same period.