Record game boosts New Jersey gambling revenue to $526.6 million in March

Revenue is clear from $487.4 million in March 2023. The total amount is also up 14.1% from $461.5 million in New Jersey in February this year. Land gambling again generated the highest revenue share in all active markets in the Garden State. Revenue from land gambling was $239.8 million, up 4.9% year-over-year.

Of the total land-based revenue, $172.7 million came from slot machines, up 4.8%. The remaining $67 million came from table games, up 4.9% from last year.

New Jersey Breaks Game Earnings Record Again
Revenue here, which transitioned to online gambling, was $197.2 million, up 19.9% from 2023, and set a new monthly record in New Jersey. Gaming revenue is currently just $42.6 million short of New Jersey’s total land-based revenue.

Online slots in March increased 19.4% to $194.8 million in gaming revenue. However, in contrast, internet poker revenue fell 5.4% to $2.4 million.

Golden Nugget remains the game market leader in New Jersey with $57.1 million in monthly sales. Resorts Digital came in second with $48.9 million, ahead of Borgata with $43.8 million.

March sports betting problems
Looking at sports betting, revenue fell 3.6% to $89.7 million, but that was 32.7% more than February’s gross profit of $67.6 million. 슬롯사이트 순위

Overall, athletes bet $1.33 billion on sports during March, up 36.3% year-over-year. Of that, $12.6 million was paid online and $43.8 million in retail sportsbooks.

As has been the case for some time, Meadowlands led the segment with partners FanDuel, PointBet and SuperBook. In March, Meadowlands’ sales reached $51.7 million.

DraftKings and Resorts World again ranked second in the category with $24.2 million in revenue. Borgata and BetMGM ranked third with $6.3 million.

Total market revenue rose 15.7% year-over-year to $1.55 billion in the three months to the end of March.

Land-based gambling revenue is around $656.1 million and slots are down 0.4% to $474.4 million, but table games are up 1.4% to $181.8 million.

Game sales rose 22.0% to $562.8 million. That includes slot sales up 22.5% to $555.7 million and poker sales down 4.6% to $7.1 million.

Despite the decline in March, sports betting revenue rose 22.0% to $328 million. During the period, player spending was $4.13 billion, betting $4 billion online and $129.3 million through retail.

Can New Jersey set higher online gambling taxes?
The results come as New Jersey operators are likely to face higher taxes on online gambling. Last week, Senator John McKean formally introduced a new bill that would raise taxes on online gambling and sports betting to 30%.

Currently, online gambling and sports betting are taxed at 15% and 13% of total game revenue, respectively.

If lawmakers approve the proposal, it will take effect on January 1 next year, which occurs after the date of enactment, according to the text of the bill.

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