In March, Gaming Revenue in NJ Increased by 15% to $487.4 Million
The state’s Division of Gaming Enforcement reported that gambling income in NJ climbed 15.0% year over year to $487.4 million in March, with increases seen in nearly all market sectors.
Revenue was 2.8% ahead of the $412.2 million achieved in February of this year and was comfortably greater than the $423.7 million in March 2022.
With a 5.1% increase to $164.8 million, traditional slot machines continued to be the largest source of income for operators in the US state. Retail table game revenue increased by 6.7% to $63.9 million, bringing the total revenue from New Jersey casinos up to $228.6 million.
$165.7 million was made via NJ online casinos, a 17.8% increase from 2022. Online poker was the only market category to see a fall in sales in March, with a 1.5% decline to $2.5 million in revenue despite an 18.2% increase in revenue from online slots to $163.2 million.
Resorts Digital took the top spot in online gambling with $44.9 million, just ahead of Borgata ($43.9 million) and Golden Nugget ($42.7 million).
Moving to sportsbooks, despite the state reporting an 8.0% decline in handling for the month, revenue was 40.1% higher year over year at $93.0 million. Online sportsbooks totaled $975.2 million, while $50.6 million was wagered at physical locations in NJ.
With $39.8 million in total revenue for the month, Meadowlands, which has a FanDuel skin, held onto the top rank in the sports betting industry. Borgata and BetMGM were next with $8.2 million, then Resorts Digital and DraftKings with $29.8 million.