Betting activity decreased greatly, and revenue did the same. The most recent figures show moving dynamics in New Jersey gaming, especially within US online sportsbooks.
New Jersey Sports Betting Handle Sees Notable February Drop
New Jersey sportsbooks reported a handle of $846.4 million in February 2026. That overall represents a 14% year-over-year decrease. It also fell well except January's $1 billion-plus deal with.
The biggest motorist behind the drop was the Super Bowl matchup itself. In 2025, the Philadelphia Eagles sustained strong local betting interest. However, they were missing in 2026. Instead, the video game included the Seattle Seahawks and the New England Patriots.
As a result, Super Bowl wagering volume dropped by more than $40 million. That decline significantly affected the total monthly deal with. New Jersey bettors typically reveal strong engagement when regional or neighboring groups compete. Without the Eagles, enthusiasm dipped.
Additionally, February still experienced its usual post-NFL downturn. After the Super Bowl, betting activity tends to decline rapidly. While the NBA and college basketball stayed active, they might not match football's draw.
Together, these factors produced a tough month for US online sportsbooks running in the state.
Revenue Falls as Sportsbooks Face Tough Month
Sports wagering revenue did not hold constant. Instead, it fell 10.3% year-over-year to about $66 million. This marked a 1 year low for the market.
Operators likewise fought with success. The statewide hold came in at 7.8%, which experts described as pedestrian. That figure restricted earnings potential despite consistent wagering activity in specific sectors.
Moreover, numerous major operators reported double-digit declines in earnings. This suggests that sportsbooks dealt with undesirable results and tighter margins throughout the month.
Online wagering still controlled the marketplace. Digital platforms represented more than 95% of overall wagers, strengthening the strength of mobile-first engagement in New Jersey betting.
However, another vertical substantially outshined expectations. iGaming, or US online gambling establishments, rose 21.2% year-over-year to $251.8 million. This sharp boost successfully saved the month for state tax revenues, offsetting sports betting losses.
The contrast highlights a growing divide. While US online sportsbooks dealt with volatility, online gambling establishments provided consistent and scalable growth.
Outlook for March and Beyond
Looking ahead, March might provide a rebound opportunity for New Jersey sports wagering. The NCAA Tournament traditionally drives strong betting interest throughout the nation.
Furthermore, a wider sports calendar might assist increase engagement. Baseball's return and ongoing NBA action might support higher wagering volume.
Still, expectations ought to remain determined. The absence of a significant regional storyline, like an Eagles Super Bowl run, can considerably affect outcomes. As a result, New Jersey gaming might continue to see fluctuations tied to essential occasions.
In the months ahead, operators will likely concentrate on enhancing margins. At the same time, the ongoing strength of iGaming should help stabilize income, even when US online sportsbooks .
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New Jersey Sports Betting Drops in February As IGaming Surges
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