New Jersey: Online gambling revenue surges to record $197 million in March, in-person revenue dips
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New Jersey’s online gambling marketcontinues to break records, but in-person casino revenue in Atlantic City remains below pre-pandemic levels.
Data from the New Jersey Division of Gaming Enforcement shows that in March, casinos and their online platforms generated over $197 million in revenue from online casino games, setting a new monthly record and marking a 19.9% increase from 2023.
Online slots accounted for the majority of this revenue at $194.8 million for the month, while internet poker revenue declined by 5.4% to $2.4 million.
Golden Nugget leads the online gambling market in New Jersey with monthly revenue of $57.1 million, followed by Resorts Digital with $48.9 million and the Borgata with $43.8 million.
Meanwhile, sports betting revenue decreased year-on-year by 3.6% to $89.7 million in March, although it was 32.7% higher than February's total. Sports bettors wagered $1.33 billion during the month, powered by the March Madness college basketball tournament.
Overall, including in-person casino winnings, internet gambling, and sports betting revenue, the industry gained over $526 million in March, an 8.1% increase from March 2023 and a 14.1% increase from February 2024.
However, in-person casino revenue continues to face challenges. Although the total amount won from in-person gamblers increased by nearly 5% year-on-year,only two of the nine casinos individually surpassed their pre-COVID revenue levels from March 2019.
Slot machines accounted for $172.7 million of all land-based revenue, while table games generated $67.0 million.
The Borgata led in-person casino revenue with $56.5 million, followed by Hard Rock with $44.3 million and Ocean with $40.6 million.
When considering online and sports betting revenue, Borgata remained in the lead with $106.6 million, followed by Golden Nugget with $70.6 million and Hard Rock with $58.3 million.
Resorts Digital, the casino's online platform, saw revenue decline by 11%,while Caesars Interactive NJ decreased by 23%.
Overall, casinos and tracks retained just under $90 million in sports betting revenue after expenses were paid.
