New Jersey releases February iGaming figures - Affiverse

New Jersey releases February iGaming figures

The New Jersey Division for Gaming Enforcement (DGE) has revealed the market’s figures for February, reporting a year-on-year increase.

Despite generating more revenue than in February 2019, month-on-month revenue dropped.

February 2020 figures  

Sports betting revenue for the month hit $17 million, a 33.8% increase on last February’s total. In that month, sportsbooks in the Garden State made $12.7 million.

However, this was significantly lower (68.3%) lower than January 2020’s total of $53.6 million. That was the highest-ever figure that the state had recorded.

Players bet $494.8 million on sports in February, a 54.4% increase on the same time period in 2019. $436.5 million of this was placed online, with $58.3 million being wagered at retail outlets. These figures mean that 88.2% of sports bets in New Jersey are wagered via digital means, compared to 87% in February 2019.

In the two full months of 2020, sports betting handle in New Jersey has already gone beyond $1 billion (hitting $1.03 billion).

When it comes to online casino and poker, overall revenue hit $52 million – a 63.7% year-on-year rise. Poker went slightly down, while earnings from other games went up by 67.6% to $50.2 million.

The main sportsbooks 

DraftKings took the largest share in the state’s market last month, making $19.8 million in iGaming revenue.

Resorts Digital was second, with revenue of $12.5 million – an 87.2% year-on-year increase. Meanwhile, Borgata’s brought in $8.1 million from online gambling – 80.6% more than the previous February.

Last year, New Jersey handled $4.58 billion in total bets.

Related
Related Posts

Get the latest affiliate news to your inbox

Join 1000’s of digital marketers who want to keep up to date with Affiliate Marketing trends across all verticals. Sign up to our weekly Newsletter and stay updated with all our industry news, insights and interviews.

Podcast
Partner Directory