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.