New Jersey’s gambling revenue saw a significant boost in March thanks to record-breaking igaming numbers. According to reports released by the New Jersey Division of Gaming Enforcement, the state’s total gaming revenue for the month reached an impressive $351.5 million, a 31.3% increase from the same period last year.
The surge in revenue can be largely attributed to the impressive performance of the state’s online gambling sector, also known as igaming. In March, New Jersey’s igaming revenue hit an all-time high of $113.7 million, a remarkable 63.4% increase from March 2020. This rapid growth in online gambling activity signals a shift in consumer behavior, with more players opting to wager from the comfort of their own homes.
The rise of igaming in New Jersey can be attributed to several factors, including the ongoing COVID-19 pandemic, which has limited access to brick-and-mortar casinos. As a result, online gambling has become an increasingly popular alternative for players looking to satisfy their gaming cravings.
In addition, the state’s robust online gambling market has continued to attract new players, thanks to a diverse selection of games and convenient access to betting options. With a wide range of online casinos and sports betting platforms to choose from, players in New Jersey have plenty of options to suit their preferences.
Notable contributions to the record igaming revenue in March came from popular online casino games such as slots and poker, as well as sports betting. The online sports betting market in New Jersey also saw a strong performance, with March revenue hitting $60.8 million, a significant 44.2% increase from the same period last year.
Overall, the record igaming numbers have played a crucial role in driving New Jersey’s gambling revenue to new heights in March. With online gambling continuing to gain momentum in the state, industry experts predict that the trend will likely continue in the coming months, further solidifying New Jersey’s position as a leader in the online gambling market.
