New Jersey sportsbooks report almost 1bn in February wagers

New Jersey’s online and retail sportsbooks reported almost $1bn in February 2022 wagers, down 27% from the record $1

New Jersey’s online and retail sportsbooks reported almost $1bn inwards Feb 2022 wagers, push down 27% from the track record $1.35bn inwards Jan 2022.

The enter is, however, a 33% increase from the $734m inward Feb 2021.

The state’s sportsbooks attracted $985.6m inwards bets for the month, with revenue dropping $30.9m. That’s a 95% declination from the $60.2m reported in January, and pile 39% from the $46.2m reported inward Feb 2021.

“New Jersey’s online and retail sportsbooks proceed to come after the same historical seasonal patterns, showing only if a modest impact from New York’s accounting entry into the online sports betting space,” said St. David Danzis, an Analyst for PlayNJ.com, which tracks gaming developments inwards the state.

“That is a do for succour for those that are intemperately vested inward the success of the state’s industry, including the province itself.”

A paint device driver for the results was the Super Bowl, with a say book $143.7m inward non-parlay wagering. Basketball, however, remains crucial to the state’s sports betting market, with bettors placing $503.1m in wagers on the feature over the 28 days of February.

“The popularity of the NBA inward particular proposition has e'er kept New Jersey’s sportsbooks comparatively engaged in Feb even as most other legal markets hurt a post-Super Bowl hangover,” Danzis added.

Accounting for 91% of New Jersey’s February palm was online sportsbooks, drafting $899.6m inwards wagering. FanDuel/PointsBet/SuperBook led the way of life with $14m inward revenue, followed by DraftKings/Fox Bet/Resorts with $8.6m.

Online casinos and poker revenue meantime amounted to $130m, down feather 6% from January but upwardly 39% from Feb 2021.