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After March Madness, New Jersey sports betting took a $59 million dip in April

New Jersey’s online and retail sports betting declined 16% in April in the aftermath of college basketball’s March Madness.

Christopher Love from South Philadelphia sports betting watching the Sixers-Raptors game six at Super House Casino. Tuesday was the one-year anniversary of the U.S. Supreme Court's ruling legalizing sports betting.
Christopher Love from South Philadelphia sports betting watching the Sixers-Raptors game six at Super House Casino. Tuesday was the one-year anniversary of the U.S. Supreme Court's ruling legalizing sports betting.Read moreSTEVEN M. FALK / Staff Photographer

New Jersey’s online and retail sports betting declined 16 percent in April in the aftermath of college basketball’s March Madness. The state’s sportsbooks accepted $313.7 million in bets in April, down from $372.5 million in March, according to data released Tuesday by state regulators.

Sports betting generated $21.2 million in revenue, down 33 percent from $31.7 million in March, according to the New Jersey Division of Gaming Enforcement.

Sportsbooks accounted for about 8 percent of the total of $265.4 million in gambling revenue reported by casinos in April, which was up almost 24 percent from a year ago. The state launched sports betting in June, and two new casinos in Atlantic City opened last summer.

Bettors have now wagered $2.6 billion in sports bets since New Jersey became the first state outside of Nevada to launch sports betting in response to a U.S. Supreme Court decision a year ago that legalized sports betting.

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