New Jersey’s regulated online gambling market defied the COVID-19 pandemic by setting yet another revenue record in the month of March, with a particularly strong showing from the beleaguered online poker vertical.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show state-licensed online operators generated revenue of $64.8m in March, a 65.6% rise from the same month last year and obliterating the previous record set this January by nearly $10m.
The outsized gains were made possible by the closure of the state’s land-based gambling options, including Atlantic City’s nine casinos and three state racetracks, on March 16 as the local government attempted to minimize further COVID-19 transmission.
March’s online casino revenue rose 64.4% year-on-year to just under $61.2m, while the perpetually struggling online poker vertical doubled its total from February to a record $3.6m, beating January 2014’s previous record of $3.4m.