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New Jersey gambling revenue up 15% to $487.4m in March


Gambling revenue in New Jersey increased 15.0% year-on-year to $487.4m in March, with the state’s Division of Gaming Enforcement reporting growth across almost all market segments.

Revenue was comfortably higher than $423.7m in March 2022 and also 2.8% ahead of the $412.2m generated in February of this year.

Land-based slot machines remained the primary source of revenue for operators in the US state, experiencing a 5.1% increase to $164.8m, while retail table games revenue was also up 6.7% to $63.9m, meaning overall land-based casino revenue was 5.6% higher at $228.6m.

Online gaming revenue amounted to $165.7m, up 17.8% year-on-year. Internet slot games revenue jumped 18.2% to $163.2m, though online poker posted a 1.5% drop in revenue to $2.5m, the only market segment to experience a decline in March.

Resorts Digital led the way in igaming with $44.9m, narrowly ahead of Borgata on $43.9m, then Golden Nugget with $42.7m.

Turning to sports betting and revenue was 40.1% higher year-on-year at $93.0m, despite the state reporting an 8.0% drop in handle for the month. Some $975.2m was spent wagering on sports online, while $50.6m was bet at retail sportsbooks in New Jersey.

Meadowlands, which has a FanDuel skin, retained its grip on top spot in the sports betting market with $39.8m in total revenue the month. Resorts Digital and DraftKings followed on $29.8m, then Borgata and BetMGM with $8.2m.

For the calendar year to date, total market revenue in the three months to the end of March was 13.4% higher year-on-year at $1.34bn.

Land-based casino revenue increased 7.0% to $665.3m, while igaming revenue hiked 12.9% to $461.2m and sports betting revenue 39.7% to $220.0m.