Betting activity declined dramatically, and income followed suit. The most recent figures show shifting dynamics in New Jersey betting, especially within US online sportsbooks.

New Jersey Sports Betting Handle Sees Notable February Drop

New Jersey sportsbooks reported a deal with of $846.4 million in February 2026. That total represents a 14% year-over-year decrease. It likewise fell well except January's $1 billion-plus deal with.

The most significant driver behind the drop was the Super Bowl matchup itself. In 2025, the Philadelphia Eagles fueled strong regional wagering interest. However, they were missing in 2026. Instead, the video game featured the Seattle Seahawks and the New England Patriots.

As a result, Super Bowl betting volume stopped by more than $40 million. That decrease considerably impacted the general regular monthly handle. New Jersey wagerers normally reveal strong engagement when local or close-by teams complete. Without the Eagles, enthusiasm dipped.

Additionally, February still experienced its normal post-NFL downturn. After the Super Bowl, betting activity tends to decrease quickly. While the NBA and college basketball remained active, they might not match football's draw.

Together, these factors developed a challenging month for US online sportsbooks operating 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 marketplace.

Operators also had problem with profitability. The statewide hold came in at 7.8%, which analysts explained as pedestrian. That figure limited income possible despite stable betting activity in certain sectors.

Moreover, a number of significant operators reported double-digit declines in revenue. This suggests that sportsbooks faced undesirable results and tighter margins throughout the month.

Online wagering still controlled the market. Digital platforms accounted for more than 95% of total wagers, strengthening the strength of mobile-first engagement in New Jersey gaming.

However, another vertical substantially exceeded expectations. iGaming, or US online casinos, surged 21.2% year-over-year to $251.8 million. This sharp boost efficiently conserved the month for state tax revenues, balancing out sports betting losses.

The contrast highlights a growing divide. While US online sportsbooks faced volatility, online casinos provided consistent and scalable development.

Outlook for March and Beyond

Looking ahead, March could provide a rebound chance for New Jersey sports wagering. The NCAA Tournament typically drives strong wagering interest throughout the country.

Furthermore, a broader sports calendar may help enhance engagement. Baseball's return and continuous NBA action could support greater betting volume.

Still, expectations must remain determined. The absence of a major regional storyline, like an Eagles Super Bowl run, can significantly impact outcomes. As a result, New Jersey betting might continue to see changes tied to crucial events.

In the months ahead, operators will likely focus on improving margins. At the exact same time, the ongoing strength of iGaming need to assist support earnings, even when US online sportsbooks experience downturns.