The New Jersey Division of Gaming Enforcement reported $67.6 million in adjusted gross sports betting revenue Friday as the Garden State sportsbooks cooled off from their record-setting start to the year.
The 6.3% hold on $1.08 billion handle was down close to 3.7 percentage points from January, when operators thrashed the public to collect $170.8 million in winnings — the fourth-highest monthly total nationwide since sports betting became available on a state-by-state basis outside Nevada in 2018.
February’s total, though, was still 23.7% higher than the $54.6 million in AGR reported for February 2023. Operators claimed $8.5 million in revenue from Super Bowl LVIII compared to $12.8 million the year prior.
Handle was up 27.6% versus the previous February as the Garden State’s $2.8 billion worth of wagers in the first two months is running 45.1% ahead of last year’s pace. While February’s operator revenue plunged 60.4% from January, the year-to-date total of $238.3 million is up a robust 87.7% from 2023.