New Jersey has 14 active online sportsbooks, compared to 27 in 2018. FanDuel took the lead in March, with revenue of $23.4 million<\/strong>. This was down from the $33.9 million<\/strong> reported in February. Year-to-date, FanDuel has already generated $110.4 million<\/strong> in revenue.<\/p>\n\n\n\n

DraftKings<\/strong> reported $19.9 million<\/strong> in revenue in March. That’s down about $400,000<\/strong> from the previous month. BetMGM<\/strong> came in third with $8 million in revenue<\/strong>, followed by Fanatics Sportsbook<\/strong> ($4.4 million<\/strong>), Caesars<\/strong> ($3.2 million<\/strong>) and bet365<\/strong> ($2.8 million<\/strong>).<\/p>\n\n\n\n

In the retail segment, the Meadowlands had the highest revenue, with $2 million<\/strong>. Monmouth Park came in second, with $432,393<\/strong>.<\/p>\n\n\n\n

In the month, online betting generated US$1.06 billion<\/strong>, while physical bookmakers collected US$44.4 million in bets.<\/p>\n\n\n\n

Several factors contributed to the revenue decline, including the lack of upsets in the NCAA Tournament, which saw all four No. 1 seeds advance to the Final Four for the first time since 2008, and only the second time in history.<\/p>\n\n\n\n