March Madness drives NJ sports betting to second biggest month

Sports betting in New Jersey enjoyed its second-most active month in March, with $372m wagered during the month and the sportsbooks making $31.6m in revenue. 

NewJersey

The total was close to beating January's record $385.2m in wagers, while the revenue total was up from $12.7m in February, increasing due to the March Madness basketball tournament.

Basketball handle for March was $205m, accounting for 53% of all sports betting wagers for the month.

The NFL season concluded in February, and the new MLB regular season started on 20 March.

Total sports wagering gross revenue for 2019 so far amounts to $63.1m.

Elsewhere, casino win for March was $223.2m, increasing 16% year-on-year, while internet gaming win was $39.1m, rising 53%.

The state's total gaming revenue grew 35% year-on-year to $294m.

 


Casino News Sponsor
Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...