[jjgold]

NJ Sports Betting Hits $372 Million In March With Record $31.7 Million In Revenue

By Bill GelmanUpdated on April 12, 2019

Now that the 2019 NCAA Tournament has come to a close, it’s time to look at the bigger NJ sports betting picture.


New Jersey got its first taste of the excitement that comes with March Madness betting last month. And based on the numbers released today by the New Jersey Division of Gaming Enforcement (DGE), it will go down as a month to remember.


March revenue results are in, and it shows an overall handle of $372,451,342.


The monthly take includes March Madness wagers. Keep in mind these numbers do not include the Final Four or National Championship games.


It marks a significant increase from February which had a handle of $320,368,087. That month included Super Bowl betting and Oscars betting, also firsts for NJ sportsbooks.


But the other big number included in the report is the $31.7 million in combined revenue from the 10 retail sportsbooks and 13 online sports betting platforms in NJ. That equals an 8.5% hold for the books.


The number marks a significant increase from the $12,732,740 earned in February.
The impact of March Madness betting drew standing-room-only crowds to retail sportsbooks around the Garden State.


But mobile sports betting enjoyed another strong month, accounting for $298,282,154 of the overall handle. Call it a win-win.


But it was FanDuel Sportsbook and The Meadowlands that came out on top, posting more than $17 million in total revenue in March.


Here is a revenue breakdown of the 10 retail sportsbooks and their online partners:

Property (Online)	Online Revenue	Retail Revenue	March Total
Bally's (Caesars, 888)	$336,866	$233,991	$570,857
Borgata (playMGM)	$100,886	$752,407	$853,293
Golden Nugget(BetAmerica, GN Online)	$98,120	$93,755	$191,875
Hard Rock (Hard Rock online)	$16,954	$65,300	$82,254
Harrah's	--	$127,644	$127,644
Meadowlands (FanDuel, PointsBet)	$13,322,133	$4,271,840	$17,593,973
Monmouth (William Hill, SugarHouse)	$1,669,750	$986,251	$2,656,001
Ocean Resort(William Hill)	$1,416,004	$541,776	$1,957,780
Resorts (DraftKings, BetStars, Resorts Online)	$7,278,126	$85,105	$7,363,321
Tropicana (William Hill)	$21,310	$251,169	$272,479
TOTAL	$24,260,149	$7,409,238	$31,669,387

[Chi_archie]

woah

[jjgold]

apps and internet

[vinnykal2323]

I was in AC for March Madness Resorts Draftkings sportsbook was by far the best in AC cause they had several machines to place bets on which meant no waiting to place a bet Oceans Resorts William Hill is usually the best but they dont have machines, on the 1st saturday of the tourney there was a 2 hour wait just to get a bet in

[USCPHILLYGUY]

Use the app. No need to bitch about lines.

Trop book head and shoulders better then the rest

[jjgold]

I would think now the slow season

Lets see April #'s

[eaglesfan371]

I was in AC for March Madness Resorts Draftkings sportsbook was by far the best in AC cause they had several machines to place bets on which meant no waiting to place a bet Oceans Resorts William Hill is usually the best but they dont have machines, on the 1st saturday of the tourney there was a 2 hour wait just to get a bet in

Vinny your posts indicate you bet $1000-$3000 per game...I would imagine you were not able to place such large bets via kiosks though?

Does draftkings still charge that ridiculous -111/-111 BS or are they finally true -110/-110 for US major sports.

I remember seeing 25-30 cent juice on NHL lines. I wanted to scream at whoever their linesmaker was. That is not right and I do NOT want my money booked with a UK bookie who will funnel our money out of US system (William Hill). BE COMPETITIVE US BOOKIES!

[topgame85]

Excellent. Contributed here. I bet they made more money off the booze and crossover gaming from sports book customers though. All the books were packed with dudes drinking all day long. The books are a bonus, but the real money is made elsewhere in the Casino. Always thought it funny guys who will bet $50 on a game and sit there and drink $100 tab.

[vinnykal2323]

yea i was making larger plays im not sure of the limits at the kiosks as i was able to bet at the clerks desk cause there was never a line but i would assume if theres a limit at the kiosks like $500, theres so many kiosks you would be able to make several $500 bets

[Heltah Skeltah]

offshore hates seeing this and it's only the beginning. I can't imagine what 10 years from now will look like for offshore. These kids that growing up now gambling will look at us like we were crazy for sending money over and having to jump thru hoops for payouts. They will sit back and laugh saying how easy it is for them now

[vinnykal2323]

Eaglesfan, yes draftkings lines are a bit higher especially live action and halftime bets

[vinnykal2323]

Use the app. No need to bitch about lines.

Trop book head and shoulders better then the rest

Phillyguy, im not sure if they send you a W-2 at the end of the year when using the app i do know that i played off the radar with no players card at the clerks desk with high limit cash just like in vegas so until i figure out that info i'd rather bitch about lines than bitch about getting taxed on my winnings

[USCPHILLYGUY]

Phillyguy, im not sure if they send you a W-2 at the end of the year when using the app i do know that i played off the radar with no players card at the clerks desk with high limit cash just like in vegas so until i figure out that info i'd rather bitch about lines than bitch about getting taxed on my winnings

Vinny trumps tax laws help the rich. You’ll be fine.

[vinnykal2323]

vinny trumps tax laws help the rich. You’ll be fine.

maga

[jjgold]

New Jersey and Pennsylvania will be very unique though because of all the properties most states are only going to have one or two

offshore hates seeing this and it's only the beginning. I can't imagine what 10 years from now will look like for offshore. These kids that growing up now gambling will look at us like we were crazy for sending money over and having to jump thru hoops for payouts. They will sit back and laugh saying how easy it is for them now

[Heltah Skeltah]

New Jersey and Pennsylvania will be very unique though because of all the properties most states are only going to have one or two

Yes but wth mobile betting is all they need. Kids do everything wth the phones these days already it will only get more that way. These phones r the life line for this generation

[jjgold]

Yes


I say eventually will see 4-7 offshore places only

Big conglomerates with a big credit influence

[Louisvillekid1]

#1 hands down

[eidolon]

I wish california legalized it. Put some of that money towards getting all the feces and homeless off the streets.