New Jersey Sports Betting Revenue up On February 2026
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A $4.3 million loss on the Chiefs-49ers Super Bowl didn't stop the New Jersey sportsbooks from producing a net favorable for the month.

However, the $17 million income figure reported by the Division of Gaming Enforcement was the most affordable for the books considering that June 2019.

The sports wagering handle in February - that is, total amount bet - was $494.8 million. Just over 88% of that amount was bet online, with the rest coming from eight Atlantic City gambling establishments and the Meadowlands and Monmouth Park racetracks.

The books lost a nearly similar amount on the 2019 Super Bowl - $4.5 million - which month produced just $12.7 million in net earnings.

Bettors dropped 4.2% of their money wagered on football over the very first 2 months of 2020, while losing simply 4% of their basketball wagering dollars. Single-game or match bets in "other" sports produced a 6.2% margin for your home, but the huge number for the two-month period can be found in multi-wager parlays.

Not only did the sportsbooks hold a tremendous 17.9% of the deal with on parlays in those 60 days, it began $190 million worth of bets - a little more than was bet on single-game NFL playoff choices. That implied that while parlays represented simply under 20% of the total wagered, they produced almost half of the revenue for the sportsbooks in those two months.

Meadowlands, FanDuel remain kings of the hill

The Meadowlands Racetrack and its online partners - generally FanDuel - gathered nearly $11 million of the $17 million claimed in February. Resorts Digital, with a portfolio powered by DraftKings, accounted for another $4 million. The top gambling establishment, by far, was market leader Borgata at $714,024.

One casino - Golden Nugget - even lost cash on sports betting in February, returning $444,311 more than it maintained. Harrah's and Resorts danced on the break-even ledge, with each coming out less than $50,000 ahead.

The previous six months - football season - have actually produced the six greatest handle figures since New Jersey started sports betting in June 2018.

Last March, led by the NCAA guys's basketball tournament, produced a bigger handle for the consisting of more than a dozen online operators - than any of the subsequent 6 months.

Obviously, the prevalent cancellation of major sporting occasions nationwide, most likely for the remainder of the month, implies this March is ensured to be a lean month for the industry.