The New Jersey sports betting market enjoyed tremendous growth in March, producing $87.6 million in revenue to kick off springtime, 22.8% more than the same month last year.
Key Takeaways
- The total sports betting volume was down 8.6% on the total reported in March 2025.
- FanDuel led the way and is now over $100 million in 2026 revenue.
- iGaming revenue was $1.1 million shy of a monthly record.
March Madness? More like March success for New Jersey sportsbooks, whose revenue was nearly one-quarter higher than it was at this time one year ago.
The New Jersey Division of Gaming Enforcement reported operators combined to accept just over $1 billion in wagers. That marked an 8.6% year-over-year decline despite the improvement in revenue.
Rising revenue, coupled with a declining handle, means sportsbooks produced a higher hold, while customers lost more money.
Q1 sports betting revenue is up 0.5% compared to the first three months of 2025. Its market remains one of the most productive in the country despite the declining wagering total.
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Operator performances
| Online Sportsbook | March Gross Gaming Revenue | YTD Revenue |
|---|---|---|
| FanDuel | $32.4 million | $107.3 million |
| DraftKings | $22.3 million | $70.2 million |
| BetMGM | $8.2 million | $21.1 million |
| bet365 | $7 million | $19 million |
| Fanatics | $6 million | $21.4 million |
| Caesars | $3.8 million | $9.6 million |
| Hard Rock Bet | $1.3 million | $4.4 million |
| BetRivers | $1.2 million | $3.1 million |
Fitting in with the national trend, FanDuel led the New Jersey sports betting market with $32.4 million in gross gaming revenue, up 9.8% from the $29.5 million reported in February. It also leads the way in year-to-date revenue with $107.3 million.
DraftKings was in second with $22.3 million in revenue in March and $70.2 million in 2026. The March figure was up 29.7% on the prior month.
BetMGM was third, albeit by some distance, in monthly revenue ($8.2 million). However, that figure was up 70.8% on February’s, while its $21.1-million year-to-date total ranked fourth.
bet365 just missed the podium with $7 million in revenue, up 48.9% month over month. That’s despite ranking fifth in YTD revenue with $19 million.
Fanatics was fifth in monthly revenue ($6 million), up 33.3% from February, while being third in its 2026 haul ($21.4 million).
Caesars reached $3.8 million but is still below $10 million for the year. Hard Rock Bets and BetRivers both barely eclipsed $1 million in monthly revenue at $1.3 million and $1.2 million, respectively. Both have revenue totals below $5 million in 2026.
iGaming continues to flourish
While sportsbooks walked away satisfied with their March totals, New Jersey’s iGaming operators may have been the real winners.
Even with March Madness distracting sports fans, licensed New Jersey online casinos racked up $272.1 million, coming up just $1.1 million shy of a monthly record and reflecting 11.6% year-over-year growth.
Year-to-date iGaming win is up to $782.8 million, putting the market 16.3% ahead of where it was at the end of last March.
The last period also marked the seventh straight month during which iGaming operators outperformed retail casinos in Atlantic City.
Revenue across all gaming mediums topped out at $596.4 million, representing 9.2% growth year over year. The state also claimed a gaudy $84.7 million in taxes based on operators’ gaming revenue.
