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New Jersey sportsbooks reported a fantastic month in March based on revenue. Licensed operators pulled in $87.6 million in revenue last month, an increase of 22.8% compared to the same period in 2025.
Sports wagering was most likely fueled by March Madness. Online casino gaming March revenue was up 12%, close to half of the growth shown by NJ sportsbooks.
The strong month came despite a dip in total handle from sports betting, to just over $1 billion, a drop of 8.6% compared to March 2025. That means fewer betting dollars were risked, but the sports betting companies saw an increase in revenue because its hold was higher.
In laymen’s terms, that means the public lost its bets more often this month than a year ago.
Sports wagering revenue in 2026 up slightly from 2025
For 2026, New Jersey sports wagering revenue is up a tick: about 0.5% compared to the first three months of 2025, with $268.4 million in revenue.
The New Jersey sports wagering market remains one of the strongest in the US. It became the first state to permit sports wagering following the 2018 ruling by the US Supreme Court that removed federal restrictions on gaming in most states.
Since then, New Jersey has consistently ranked among the top states by total handle and revenue.
FanDuel Sportsbook remains No. 1
FanDuel Sportsbook and DraftKings Sportsbook are still supreme in New Jersey sprots wagering, ranking No. 1 and No. 2 based on total handle and revenue.
Once again, BetMGM Sportsbook and Hard Rock Bet Sportsbook came in at the next spots for March.
- FanDuel Sportsbook: $32.4 million
- DraftKings Sportsbook: $23.1 million
- BetMGM Sportsbook: $8.9 million
- Hard Rock Sportsbook: $8.3 million
- Fanatics Sportsbook: $6.5 million
- Caesars Sportsbook: $5.2 million
