New Jersey posts record-setting sports betting revenue in March — Betting Business

New Jersey's 10 retail sportsbooks and 13 online sports wagering platforms cashed in during March, according to NJGamblingSites.com, as the state saw $31.7 million in combined revenue - a record-setting level.

Keep in mind those March numbers do NOT include the Final Four or National Championship wagers, so the start of April was probably pretty lucrative, too.

A blizzard of bets from college basketball fans in March helped New Jersey to its second-highest sports betting total, as March Madness translated into March Gladness for sports books.

March revenue results are in, and it shows an overall handle of $372,451,342. FanDuel Sportsbook at The Meadowlands was the leader of the pack.

Only three casinos reported a revenue decline that month, with six showing an increase.

Resorts Digital Gaming, whose betting operations include FanDuel's archrival DraftKings as well as The Stars Group's BetStars brand, reported revenue of almost $7.3m, a healthy rebound from February's $3.7m but only slightly higher than January's $6.9m.

Almost $5 million in combined losses on the Super Bowl produced a rare dip - $12.7 as compared to $18.8 in January - in revenue for the state in February.

Monmouth Park, the state's other racetrack-based sportsbook, was a distant third with $2.65m, of which almost $1.7m came online. The state ended the quarter with $764,783,813 in total gaming revenue, a 28.6-percent increase from the same period in 2018. The Golden Nugget, which lost $125k in February, was also back in black with $192m last month.

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