New Jersey gambling revenue up 15% 

Finance News

New Jersey’s online partners of both types of gambling won over $487 million in March, an increase of 15% from a year earlier.

But figures released Friday by the New Jersey Division of Gaming Enforcement show that the casinos continue to struggle with their core business, money won from in-person gamblers.

That key metric brought in $228.6 million in March, edging past the $223.1 million the casinos made from in-person gamblers in 2019, before the coronavirus pandemic hit.

But only three of the nine casinos — Borgata, Hard Rock and Ocean — individually won more from in-person gamblers in last month than they did in March 2019, a source of continuing concern for the industry. The Casino Association of New Jersey said the in-person revenue level “demonstrates that the industry continues to be in a rebuilding and recovery phase from where it was three years ago.”

The casinos won $165.7 million online, up nearly 18% from a year ago, and added another $46.6 million in sports betting revenue.