New Jersey Gaming Revenue Up 119.8%

Revenue Increase

New Jersey’s Division of Gaming Enforcement has reported total gaming revenue of $359.3m (£256.9m/€298.7) for March 2021 – a rise of 119.8 per cent compared to $163.5m in March 2020.

Internet gaming win was reported to be $113.7m in March compared to $64.8m in the prior period, amounting to a 75.4 per cent rise, while sports wagering gross revenue rose 360.9 per cent year-on-year to $60.8m for the month.

Punters wagered $780.1m online and $79.5m at retail sportsbooks, totalling $859.6m across the month. FanDuel and PointsBet at Meadowlands topped the market in February, posting a 125.4 per cent rise on the previous year to $31.3m.

New Jersey’s reported casino win for March was $184.9m, up 116.3 per cent from the same month last year.

Online gaming revenue hit $113.7m, up 75.4 per cent from $64.8m in March 2020. Out of that, online slots contributed $111m, with the remaining $2.7m coming from peer-to-peer poker.

The Borgata topped the iGaming market with $36.2m in revenue, followed by Golden Nugget with $31.8m and Resorts Digital with $21.4m.

However, the full market picture was disrupted by covid-19, with Atlantic City Casinos closed from 16 March 2020 and most sports wagering events cancelled from mid-March 2020. The casinos continued to operate once they reopened in July 2020, but under restrictions.

Online casino gaming and sports wagering continued but the Division was clear to highlight that casino win and sports wagering revenue for the month, and the year-to-date period, ended March 2021 are not comparable to 2020.

New Jersey’s total gaming revenue for the first three months of 2021 was $993.7m, compared to $751.3m the previous year, equating to a 32.3 per cent increase.

Internet gaming win was up 81.1 per cent to $311.2m compared to the prior period. Sports wagering gross revenue amounted to $189.3m.

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