New Jersey’s February Revenue Falls 60% MoM

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Despite profits of over $8 million on the Super Bowl, it was a disappointing month for the online and retail operators that saw a 60% drop from January.

The New Jersey Division of Gaming Enforcement reported

The February handle of $1.1 billion was down 37% month-over-month. The hold of 6.3% was down from the impressive 9.9% in January. There was good news for New Jersey’s sportsbooks. Numbers are up from this time last year. The Meadowlands tethers of FanDuel, SuperBook, and Fanatics combined to lead the Garden State with revenue of $33.5 million, but that was down from the previous month’s $109.3 million.

 

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