With the Super Bowl providing the only football betting options for the month, the handle actually held up pretty well. Many NJ sports betting insiders were expecting a larger drop in volume and revenue.
#NJ Total #SportsBetting Handle since June 2018:
$1,952,955,469 BILLION!
Total Revenue since June 2018: $125,670,362
— Bet New Jersey (@BetNewJersey) March 13, 2019
February 2019 NJ Sports Betting Numbers
The sports betting handle for February 2019 was $320,368,087 compared to $385M in January. The Online sports betting handle in NJ was $258M in February, down from $305M in January. Online sports betting and mobile apps comprised 80.6% of all betting volume during the month of February.
Overall revenue from sports betting decreased to $12.7M in February compared to $18.7M in January.
With the total number of NJ online sportsbooks now at 14, March betting numbers should take a nice jump. March Madness is now in full swing with conference tournaments and the “Big Dance” begins next week. Expectations for a big month have been expressed by most NJ Sportsbooks.
| Month | Total Sports Betting Handle | Revenue |
| June | $16,409,619 | $3,458,668 |
| July | $40,682,237 | $3,831,141 |
| August | $95,634,048 | $9,182,943 |
| Sep | $183,948,404 | $23,961,038 |
| Oct | $260,711,301 | $11,670,805 |
| Nov | $330,748,563 | $21,243,865 |
| Dec | $319,173,548 | $20,814,222 |
| Jan | $385,279,662 | $18,774,940 |
| Feb | $320,368,087 | $12,732,740 |
| March | $372,451,342 | $31,669,387 |
| April | $313,719,562 | $21,215,747 |
| May | $318,940,677 | $15,538,384 |
| June | $273,222,975 | $9,701,925 |
| July | $251,371,272 | $17,884,790 |
| August | $293,594,862 | $25,210,342 |
| TOTAL: | $3,776,256,159 | $246,890,937 |
| Month | NJ Online Sports Betting Handle | NJ Online Sports Betting Rev |
|---|---|---|
| August | $21,714,157 | $3,123,281 |
| Sep | $104,885,673 | $12,567,785 |
| October | $174,369,684 | $8,839,162 |
| Nov | $238,615,611 | $14,446,570 |
| Dec | $241,043,289 | $14,650,636 |
| Jan | $304,973,986 | $15,504,039 |
| Feb | $258,871,597 | $10,262,588 |
| March | $298,282,154 | $25,355,096 |
| April | $253,976,244 | $16,556,115 |
