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.](https://www.inquirer.com/resizer/Xxc3cXorYQK3QHre0ojxzlfdMZw=/760x507/smart/filters:format(webp)/arc-anglerfish-arc2-prod-pmn.s3.amazonaws.com/public/QHEAE2EA3VBUPDZASSLWUP5NL4.jpg)
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.