MARCH MADNESS MADE NJ SPORTS BETTING A MONTH TO REMEMBER!
By Skip Charles
New Jersey sports betting had its third-best revenue month ever in March with operators reporting $93 million in win.
That is up 40% over February and is the state’s third-highest month of recorded revenue since legalized sports betting began nearly five years ago.
Only November 2021 ($114 million) and September 2022 ($97.9 million) were higher.
New Jersey sportsbooks held 9.1% in March, and the state collected $11.9 million in sports betting taxes. Online bets accounted for more than 95% of said taxes.
March marked the fifth time in six months that total NJ sports betting handle passed the $1 billion threshold with $1.026 billion bet in the month.
