The latest monthly reports from the Office of the Attorney General in New Jersey show that the state’s licensed casinos, racetracks, and sportsbooks reported revenue of $359.3 million, up 119.8% on the $163.5 million for the same month last year.
New Jersey Gambling Revenue Grows 119.8% to $359.3 Million for the Month of March revenue increased the most with local gamblers placing $859.6 million in sports wagers during March, an increase of 13.5% on February’s handle of $743 million. Retail bets made up $79.5 million of that figure with the remaining $780.1 million coming through online sportsbooks. New Jersey Gambling Revenue Grows 119.8% to $359.3 Million for the Month of MarchThe state’s sports betting handle for March is significantly less than the $1 billion handle that many industry experts predicted. In fact, the handle of $859.6 million didn’t even come close to beating the state’s current record sports betting handle of $996 million posted in December of 2020.
New Jersey Gambling Revenue Grows 119.8% to $359.3 Million for the Month of MarchThis is only the second time that the New Jersey online casinos have broken the $100 million revenue barrier — the first was in January when online casinos generated $103.8 million in revenue.
Olivia Richardson
New Jersey Gambling Revenue Grows 119.8% to $359.3 Million for the Month of March