New Jersey Sportsbooks Dominate Public in March Even as Handle Stagnates [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
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 pr
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