The latest monthly reports from the New Jersey Office of the Attorney General show that the state’s licensed casinos, racetracks and sportsbooks reported revenue of $359.3 million, up 119.8% from $163.5 million for the same month last year.
Sports betting revenue increased the most with local players placing $859.6 million in sports bets during March, up 13.5% over February’s $743 million handle. Retail bets made up $79.5 million of that figure, while the remaining $780.1 million came via online gaming.
Sports betting revenue for operators totaled $60.8 million, which was a 360.9% increase over revenue generated in March last year and almost $14 million over February’s figure.
The state’s March sports betting handle is significantly less than the $1 billion handle that many industry experts predicted. In fact, the $859.6 million handle didn’t even come close to breaking the state’s current sports betting record of $996 million posted in December 2020.
Online gaming revenue reached a record $113.7 million with online slots generating the lion’s share of $111 million. This marked a 75.4% year-over-year increase compared to the $64.8 million in revenue generated in March 2020.
This is only the second time the state’s online casinos have broken the $100 million revenue barrier — the first was in January when online casinos generated $103.8 million in revenue.
