New Jersey gaming revenue grows to $382.9m in March

Total gaming revenue in New Jersey came to $382.9m in March, up 17.8% from the same month in 2021, while sports betting handle exceeded $1bn.

March’s total also represented a 2.6% improvement on February 2022’s figures. The vast majority of the month’s revenue came from land-based gaming.

Casinos contributed $216.6m, which was up by 17.2% from March of last year. Of this revenue, $156.7m came from slots, a 16.7% year-on-year rise, with table games revenue up 18.4% to $59.9m.

The Borgata led the way in casino revenue, bringing in $55.0m, which was 18.1% more than in 2021. Hard Rock Casino followed with $39.3m, a 28.0% increase, and Ocean Casino brought in $25.4m.

Online gaming revenue, meanwhile, was up by 23.7% year-on-year to $140.7m, but this total was sharply down from a record $212.4m in February.

The Borgata – with a BetMGM online product – was also the leading online operator, bringing in $41.4m. In second place was Golden Nugget Online Gaming – which is soon to be acquired by DraftKings – with $38.3m.

This include $2.5m from peer-to-peer games such as poker, which was down by 6.3%, while revenue from other games grew by 24.5% to $138.1m.

Sports wagering revenue came to $66.4m, up 9.3% year-on-year. This came on handle of $1.12bn, up 30.3% from March 2021, as the market bounced back after handle dipped below $1bn in February.

Of this handle, $79.5m was placed at retail sportsbooks, while $1.04bn was staked online.

Meadowlands, partnered with FanDuel, strengthened its position as market leader, bringing in $36.9m in revenue.

Resorts Digital – which has sportsbook deals in place with DraftKings and Flutter’s Fox Bet – continued to bring in the second-most revenue, despite a 16.9% decline to $11.7m.

The Borgata, meanwhile, remained in third but closed the gap significantly with $10.6m in sportsbook revenue.

Original Article