New Jersey Sportsbetting Revenues Tumble in March

New Jersey's sportsbetting industry stumbled in March as the Covid-19 pandemic saw all major sporting leagues in the United States shutting down during the month.

The New Jersey Division of Gaming Enforcement reported revenues down 58.4% from last year. Punters wagered $181.9 million during the month, down from $372.5 million last year. Revenues for the state's books were $13.2 million, down 22.4% from February and down from $31.7 million last year.

There's no telling when the state's casinos will re-open to accept bets in-person, and it's likely that revenues will be next to nothing for sportsbetting until the announcement of pro sports leagues re-opening comes.

Internet betting was up big in the Garden State as a whole, as casino revenues were up 65.6% to $64.8 million, largely due to punters staying at home to bet. Land casino revenues struggled significantly, with revenues down 61% to $85.4 million.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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20 April 2020 - 6:00pm
#1
Quote:

New Jersey's sportsbetting industry stumbled in March as the Covid-19 pandemic saw all major sporting leagues in the United States shutting down during the month.

So...it's been just like...in the rest of the world...😉

Quote:

The New Jersey Division of Gaming Enforcement reported revenues down 58.4% from last year

To be honest the number surprised me a bit..but I guess because it's just for the month of March...I wouldn't be surprised if the drop in revenues for the bookies in general (and I mean all over the world) are anywhere between 70-95%...would be curious to check such a stats...if there's any out there anyway.

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