GAN reports online gaming growth in New Jersey and Pennsylvania in March

GAN has updated the market following the publication last week by New Jersey’s Division of Gaming Enforcement (DGE) and by the Pennsylvania Gaming Control Board of online gaming and sports betting financial information for March 2020 in both states.

New Jersey

Online gaming win was $64.8 million in March, compared to $39.1 million in the prior year period, reflecting a year-over-year increase of 65.6%.

Total online sports betting handle was approximately $163.4 million for March, a significant decrease from prior months as the result of most sporting events being canceled during the global COVID-19 pandemic, which compares to $436.5 million for February 2020. 

Online sports wagering gross revenues were $13.3 million in March, compared to $24.3 million in the same month of the prior year.

Pennsylvania 

Online gaming win was $24.3 million in March, reflecting an increase of 24.5% from the prior sequential month. This compares to $19.5 million for the month of February. 

Total Internet sports betting handle was approximately $118.3 million in March, a significant decrease from prior months as the result of most sporting events being canceled during the global COVID-19 pandemic. This compares to $294.1 million for the month of February, which includes the Super Bowl, the largest single day for end user gambler activity and sports betting handle.

Internet sports wagering gross revenues in March were $7.9 million, down from $10.8 million for the month of February.