Figures for March are out, from the DGE.
Full stats available in the Google Data Studio report here.
We're closing on on the magic billion, but not quite there yet. As soon as some major betting event come up, we're bound to break it… $860m and closing in!
March was actually a record month for gambling in New Jersey. The total combined gambling GGR closed at a record figure of $359.3m. The online share of this $170m, while retail closed at $189m.
Another record in March was online casino, closing at $110m, which makes this segment quite on the spot double the size of the runner up Sportsbook, closing at $56m while poker raked $2.7m in March. Unfortunately, NJ doesn't account for slots/table games revenue like for instance PA but generally, the slots/table games ratio is somewhere around 75/25% in favor of slots.
What does this mean in terms of taxes then? Well, the state of New Jersey can add an extra $24m to its coffers just from the online side of gambling.
For the Sportsbook product, FanDuel keeps on crushing it. The usual suspects behind them; DraftKings, BetMGM, PlaySugarhouse…
DraftKings seems to be closing the Sportsbook gap a little bit, with FanDuel now being “only” double GGR.
While it's more or less status quo in the sportsbook segment, casino is where the action is! Look at Borgata (Borgata, Party, Pala, Bet MGM) go!
Stats and figures are gathered from official sources. The data is visualized and commented by Lars Wahlström, CEO of ARGO Gaming Group. Lars is an iGaming veteran with +15 years in the industry and experience from both the B2B- and B2C- side of the online gambling industry. Full comments and analysis are available in the monthly news posts for each respective state, while this page is a basic resource page.
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