A $4.3 million loss on the Chiefs-49ers Super Bowl didn't stop the New Jersey sportsbooks from producing a net positive for the month.

However, the $17 million income figure reported by the Division of Gaming Enforcement was the lowest for the books since June 2019.

The sports betting manage in February - that is, overall amount bet - was $494.8 million. Just over 88% of that quantity was bet online, with the rest originating from 8 Atlantic City gambling establishments and the Meadowlands and Monmouth Park racetracks.

The books lost a nearly identical quantity on the 2019 Super Bowl - $4.5 million - which month produced just $12.7 million in net profits.

Bettors dropped 4.2% of their cash wagered on football over the first two months of 2020, while losing just 4% of their basketball betting dollars. Single-game or match bets in "other" sports produced a 6.2% margin for the home, but the big number for the two-month period came in multi-wager parlays.

Not just did the sportsbooks hold a tremendous 17.9% of the manage on parlays in those 60 days, it came on $190 million worth of bets - somewhat more than was bet on single-game NFL playoff picks. That implied that while parlays represented simply under 20% of the overall wagered, they produced nearly half of the earnings for the sportsbooks in those 2 months.

Meadowlands, FanDuel stay kings of the hill

The Meadowlands Racetrack and its online partners - generally FanDuel - collected almost $11 countless the $17 million declared in February. Resorts Digital, with a portfolio powered by DraftKings, accounted for another $4 million. The leading casino, without a doubt, was market leader Borgata at $714,024.

One casino - Golden Nugget - even lost cash on sports betting in February, returning $444,311 more than it maintained. Harrah's and Resorts danced on the break-even ledge, with each coming out less than $50,000 ahead.

The previous six months - football season - have actually produced the six greatest manage figures because New Jersey started sports betting in June 2018.

Last March, led by the NCAA males's basketball competition, produced a larger manage for the books - including more than a dozen online operators - than any of the subsequent six months.

Naturally, the prevalent cancellation of significant sporting occasions nationwide, most likely for the rest of the month, implies this March is guaranteed to be a lean month for the industry.