The New Jersey Sports Betting Figures were released today for February 2019.
Sports wagering gross revenue for the month was $12.7 million for the month. That’s down from $18.8 million in January.
The total gaming revenue for February 2019 was $241. 1 million. A favorable increase from $192 million same time last year.
The sports wagering revenue accounted for only 5.2% of the overall pie.
February included the Super Bowl and Oscars. Despite these high volume betting events New Jersey sports betting produced only $320 million for the month, down from an impressive $385 million January.
FanDuel Dominates February
FanDuel was the big winner in February. All told FanDuel eclipsed the $8 million mark and continued its dominance in the industry. DraftKings finished a distant second at $3.8 million.
Last month all properties were in the black with at least minimal revenue. The wasn’t the case in February. The Borgata (play MGM), Golden Nugget (GN, BetAmerica), Harrah’s and the Tropicana were all in the red for February. The Borgata was down $755K.
In January everyone profited, so something to keep on an eye on the industry continues to grow.
Full report from the Division of Gaming Enforcement