New Jersey Sports Betting Revenue Up On February 2026
A $4.3 million loss on the Chiefs-49ers Super Bowl didn't stop the New Jersey sportsbooks from producing a net positive for the month.
However, the $17 million earnings figure reported by the Division of Gaming Enforcement was the most affordable for the books because June 2019.
The sports betting deal with in February - that is, total amount wagered - was $494.8 million. Just over 88% of that amount was wagered online, with the rest originating from eight Atlantic City gambling establishments and the Meadowlands and Monmouth Park racetracks.
The books lost a nearly similar quantity on the 2019 Super Bowl - $4.5 million - and that month produced simply $12.7 million in net income.
Bettors dropped 4.2% of their cash wagered on football over the very first 2 months of 2020, while losing just 4% of their basketball betting dollars. Single-game or match bets in "other" sports produced a 6.2% margin for your house, but the huge number for the two-month duration was available in multi-wager parlays.
Not only did the sportsbooks hold a massive 17.9% of the deal with on parlays in those 60 days, it began $190 million worth of bets - somewhat more than was banked on single-game NFL picks. That suggested that while parlays represented just under 20% of the total wagered, they produced almost half of the revenue for the sportsbooks in those two months.
Meadowlands, FanDuel stay kings of the hill
The Meadowlands Racetrack and its online partners - generally FanDuel - collected nearly $11 countless the $17 million declared in February. Resorts Digital, with a portfolio powered by DraftKings, accounted for another $4 million. The top casino, by far, was market leader Borgata at $714,024.
One gambling establishment - Golden Nugget - even lost money on sports betting in February, offering back $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 past 6 months - football season - have actually produced the six greatest manage figures considering that New Jersey started sports wagering in June 2018.
Last March, led by the NCAA men's basketball competition, produced a larger deal with for the books - consisting of more than a dozen online operators - than any of the subsequent six months.
Naturally, the prevalent cancellation of major sporting occasions nationwide, most likely for the rest of the month, indicates this March is ensured to be a lean month for the industry.