New Jersey iGaming and sports betting had a monster month of March.

The New Jersey Division of Gaming Enforcement released its March New Jersey online sports betting and iGaming figures, reporting $197.1 million in iGaming revenues and more than $1.3 billion bet on sports.

The $197.1 million in iGaming revenue is a record for the Garden State in a single month.

March Madness Leads to Huge Month in Garden State

The New Jersey Division of Gaming Enforcement reported $526,643,474 in total New Jersey gaming revenues for the month, an 8.1% increase from the March 2023 revenue figures. The $197,195,071 in New Jersey online casino revenue is the most New Jersey has ever reported for one month.

Peer-to-peer iGaming resulted in $2,358,271 and “other authorized games” resulted in $194,836,800 in revenue.

Year-to-date, New Jersey has reported more than $1.5 billion in total iGaming revenues, a 15.7% increase from the 2023 March year-to-date figures.

The state also reported $89,687,971 in sports betting revenue for the month, which was a 3.6% decrease from the March 2023 sports betting revenue total of $93 million. Despite the decrease from the March 2023 totals, New Jersey customers bet a total of $1.3 billion, the fourth highest monthly handle total ever in the state’s sports betting history.

Interest in the NCAA March Madness tournaments likely drove user activity during March.

As usual, the vast majority of sports bets were placed online, with $1.28 billion of the total coming from online sports betting.

Individual Operator Data Results New For March

For the first time, the New Jersey Division of Gaming Enforcement included breakdowns of each individual sports betting and iGaming operator in their monthly report. The DGE announced the change in reporting at the start of April.

“By providing more detailed, skin-level revenue information, stakeholders and the public will have a clearer understanding of the performance of individual iGaming and sports wagering operators,” a DGE spokesperson noted in a press release.

FanDuel Casino and DraftKings led the way for March iGaming operators, with DraftKings reporting a $41.18 million win and FanDuel reporting $41.57 million.

Newcomer ESPN BET reported a $3.26 million win for the month.

The top-five iGaming operators in the state for March were as follows:

  • FanDuel Casino: $41,577,477 win
  • DraftKings Casino: $41,189,450 win
  • BetMGM Casino: $22,141,133 win
  • Borgata Casino: $18,158,105
  • Caesars Palace: $13,112,671

New Jersey sports betting surprisingly saw FanDuel and Pointsbet as the two top performing operators in the state. FanDuel reported $29,533,888 and PointsBet reported $20,137,489 in sports betting gross revenue for the month. PointsBet saw a 189% increase in March from its February gross gaming revenue total of $6,949,286

DraftKings was third with $17,582,183 in gross revenue for the month.

Here are the top-five sports betting operators in terms of gross gaming revenue totals for March:

  • FanDuel: $29,533,888
  • PointsBet: $20,137,489
  • DraftKings: $17,582,183
  • BetMGM: $5,894,475
  • ESPN BET: $4,294,677