March records a staggering 119.8% YoY increase in New Jersey gambling revenue

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Total market revenue for the month amounted to $359.3m (£258.9m/€298.9m), up from $163.5m in March of last year.

The 2020 figures were heavily impacted by land-based casino closures and a lack of sports betting options due to Covid-19 restrictions.

The sports betting segment saw significant growth, with revenue jumping 360.9% year-on-year to $60.8m.

Players wagered a total of $859.6m on sports during the month, split between $780.1m online and $79.5m at retail sportsbooks.

FanDuel and PointsBet at Meadowlands were the market leaders, posting $31.3m in revenue, up 125.4% from the previous year.

Resorts Digital and DraftKings followed with $14.1m, and then the Borgata with $6.3m.

Online gaming revenue for the month reached $113.7m, an increase of 75.4% from March 2020.

Online slots accounted for $111.0m of this total, with the remaining $2.7m attributed to peer-to-peer poker.

Read the full story on InnovateChange North America.

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Travis Chang is a highly respected writer with a deep-seated passion for gambling and online gaming. With over a decade of experience in the industry, Travis has carved out a reputation for his insightful and well-researched content on casinos, sports betting, poker, and emerging trends in online gambling. His writing is celebrated for its clarity, depth, and ability to make complex subjects accessible and engaging for a wide audience. Travis's articles provide readers with in-depth reviews, expert strategies, and the latest industry developments, empowering them to make informed decisions and enhance their gaming experiences.
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