March Marks Tenth Consecutive Month Of Growth For New Jersey Casino RevenueAtlantic City Casinos Win $294 Million In March, Online Gaming Reaches New Highs |
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Atlantic City casinos experienced their tenth straight month of growth in March with a 34 percent year-over-year increase.
According to numbers released by the New Jersey Division of Gaming Enforcement, total gaming revenue in March for Garden State casinos was $294 million, a massive uptick from the $218.5 million won in March 2018.
March wrapped up the first fiscal quarter of 2019. The total gaming revenue for Q1 of 2019 was $764.8 million, up 28.6 percent from last quarter’s $594.9 million.
Last month was the first time that gamblers were able to bet on March Madness games in New Jersey. Between online and retail sports betting revenue, casinos won an additional $11.4 million in revenue from sports bettors.
New Jersey sports betting became operational last June and since then gamblers have wagered a whopping $2 billion on sports. March Madness clearly went better for New Jersey sportsbooks than their first Super Bowl did, when they lost $4.5 million on the game.
Online gaming revenue made up $39.1 million, which was a record for the state. It blew past the previous record by more than $5 million. Online poker accounted for $1.9 million of that revenue, which was down 3.2 percent from March 2018.
The Borgata Hotel Casino and Spa was the state’s biggest winner, taking in $65.7 million in revenue, up 1.3 percent from March 2018. The casino made slightly more than double that of any other casino in the state. The Golden Nugget was second on the list with $32.06 million. Resorts Casino Hotel grossed the least of any casino with $15 million in revenue.
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