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.

 

Premium+ Connections
Premium

Galaxsys

 
Premium

Digitain

 
Premium

Imagine Live

 
Premium

Lynon

 
Premium

RISK

 
Premium

1xBet Partners

 
Premium

PIN-UP Partners

 
 
Premium

GammaStack

 
Premium

Revsharks

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...