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New Jersey Gambling Revenue Grows 119.8% to $359.3 Million for the Month of March

The current month-to-month records from the Office of the Chief Law Officer in New Jacket show that the state’s licensed casinos, racetracks, as well as sportsbooks reported revenue of $359.3 million, up 119.8% on the $163.5 million for the same month in 2014.

Sports wagering income enhanced the most with local gamblers placing $859.6 million in sporting activities wagers throughout March, a rise of 13.5% on February’s handle of $743 million. Retail bets composed $79.5 countless that figure with the continuing to be $780.1 million coming through on-line sportsbooks.

Sports wagering profits for operators amounted to $60.8 million which was a 360.9% rise on the profits produced in March of in 2015 as well as virtually $14 million on February’s number.

The state’s sporting activities wagering handle for March is significantly less than the $1 billion handle that lots of sector professionals predicted. As a matter of fact, the manage of $859.6 million didn’t also resemble beating the state’s existing document sporting activities betting deal with of $996 million published in December of 2020.

Online video gaming earnings reached a record $113.7 million with on-line ports generating the lion’s share at $111 million. This noted a 75.4% year-over-year rise on the $64.8 million in revenue produced in March 2020.

This is only the 2nd time that the state’s on the internet casinos have actually broken the $100 million profits obstacle– the very first remained in January when on-line gambling enterprises produced $103.8 million in profits.

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