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Sportsbook

New Jersey Sports Betting Shows February Strength, According to PlayNJ.com Analysts

Thursday 14 de March 2019 / 13:37

2 minutos de lectura

(Atlantic City).- New Jersey's sportsbooks took in more than $320 million in February bets, generating strong monthly revenue despite a short month and a predictable post-Super Bowl lull. In all, New Jersey's online and retail sportsbooks netted $12.7 million in revenue on $320.4 million in sports bets, down 16.8 percent from a record $385.3 million wagered in January.

New Jersey Sports Betting Shows February Strength, According to PlayNJ.com Analysts

The February handle works out to $46 per adult resident of New Jersey, significantly larger than any other legal sports jurisdiction, other than Nevada.


"Because of the strength of New Jersey's online product, in-play betting during the Super Bowl was significantly stronger in New Jersey than in other legal markets," said Dustin Gouker, lead sports betting analyst for PlayNJ.com. "In addition, New Jersey's sportsbooks saw significant action on other sports, particularly on college basketball and the NBA. It adds up to another very good month for New Jersey even after a somewhat disappointing Super Bowl handle."


New Jersey's online sportsbook brands accounted for $258.9 million, or 80.8 percent, of total bets in January, according to official reporting. The state's retail sportsbooks made up the remaining 20.2 percent. That compares to 79.2 percent of total bets flowing through online sportsbooks in January.


"New Jersey's sports betting market is less driven by major events than in Nevada, and February's numbers bear that out," Gouker said. "The market's consistency will eventually help New Jersey overtake Nevada as the largest legal sports betting market in the U.S., which is now more a question of when rather than if."


FanDuel Sportsbook/Pointsbet overtook DraftKings Sportsbook as the state's dominant online sportsbook with $6.6 million in February gross revenue, up from $5.9 million in January. DraftKings Sportsbook fueled Resorts' $3.7 million in February online gross revenue, down 46 percent from $6.9 million in January.


FanDuel Sportsbook at The Meadowlands continues to dominate the retail market, posting $1.5 million in February gross revenue, up from $1.2 million in January. FanDuel was followed by Resorts AC's $142,846.


"DraftKings and FanDuel show few signs of relinquishing their top spots," Gouker said. "But with football now over, it will be interesting to see if a change in focus to college basketball and Major League Baseball alters the dynamic in the coming months."


LEGAL ONLINE CASINOS


A month after crossing the $30 million threshold for monthly revenue for the first time, legal online gambling generated $31.8 million in February, up 44 percent from $21.99 million in February 2018. Though monthly revenue was down from a record $33.6 million in January, the industry generated $1.1 million per day in the 28 days of February, even with the 31 days in January.


"New Jersey's online casinos are among the biggest beneficiaries of legalized sports betting," said Steve Ruddock, lead online gambling analyst for PlayNJ.com. "Online casino revenue has grown by at least 25 percent in seven of the eight months since online sportsbooks made their first appearance in the Garden State. It would not be surprising if the industry hits $40 million in monthly revenue at some point before 2019 has ended."

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook ,

País: United States

Event

iGaming Club Conference Cancun

24 de November 2025

Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion

(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.

Thursday 04 Dec 2025 / 12:00

iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition

(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.

Thursday 27 Nov 2025 / 12:00

iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day

(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.

Wednesday 26 Nov 2025 / 12:00

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