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 profits figure reported by the Division of Gaming Enforcement was the most affordable for the books since June 2019.


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


The books lost a nearly identical quantity on the 2019 Super Bowl - $4.5 million - and that month produced simply $12.7 million in net profits.


Bettors dropped 4.2% of their cash wagered on football over the first two months of 2020, while losing simply 4% of their basketball betting dollars. Single-game or match bets in "other" sports produced a 6.2% margin for your home, however the huge number for the two-month period came in multi-wager parlays.


Not just did the sportsbooks hold a massive 17.9% of the handle on parlays in those 60 days, it came on $190 million worth of bets - somewhat more than was banked on single-game NFL playoff choices. That indicated that while parlays represented just under 20% of the overall wagered, they produced almost half of the earnings 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 million of the $17 million declared in February. Resorts Digital, with a portfolio powered by DraftKings, represented another $4 million. The top casino, without a doubt, was market leader Borgata at $714,024.


One casino - Golden Nugget - even lost cash on sports wagering in February, offering back $444,311 more than it retained. 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 began sports wagering in June 2018.


Last March, led by the NCAA males's basketball competition, produced a bigger handle for the books - including more than a lots online operators - than any of the subsequent 6 months.


Of course, the widespread cancellation of significant sporting events nationwide, most likely for the remainder of the month, means this March is to be a lean month for the industry.