Figures released by the New Jersey Division of Gaming Enforcement (NJDGE) last week show that both sports betting handle and revenue were down in February.
In February, New Jersey bettors wagered a total of $320m on sports, a $65m decrease from the $385m wagered the month prior.
For the second month in a row, over 80% of wagers were placed via online sites or mobile apps. $258m was wagered online and on mobile, once again highlighting the popularity of mobile and online sports betting in New Jersey.
In terms of revenue, New Jersey sportsbooks held on to $12.7m in February, a significant decrease from January’s revenue of $18.8m.
FanDuel was once again the market leader in New Jersey generating about $6.6m in revenue from online and mobile betting operations.
DraftKings, FanDuel’s biggest competitor, generated $3.7m in sports betting revenue. this is a significant decrease for DraftKings after the operator generated $6.9m in sports betting revenue in January.
William Hill came in third for online sports betting revenue in February. William Hill’s online operations at Monmouth Park managed to generate just over $1.2m in revenue.
Looking closer at New Jersey’s figures, only three of the state’s 10 land-based sportsbooks won money back in February.
The land-based sportsbook at Meadowlands generated a total of $1.4m in revenue, making it the highest performing land-based sportsbook in the state.
The Resorts AC sportsbook also reported positive figures with a revenue of $142,846.
The newly launched land-based sportsbook at the Hard Rock generated $103,614 in revenue.
The figures also show that about $748,000 was wagered on the Oscars, of which about $180,000 turned into betting revenue.
For an in-depth look at each state’s sports betting statistics check out our stats page.
