Share 
Revenue from sports betting in New Jersey plunged by more than 10% year-over-year in February, according to data from the New Jersey Casino Control Commission and New Jersey Division of Gaming Enforcement.
New Jersey sportsbooks reported $66 million in revenue last month, a decrease of 10.3% compared to the same month in 2025. Total handle was $846 million, a 14.4% drop from last year.
In total, gaming operators gathered in more than $250 million in revenue in February, but the bulk of that came from New Jersey online casinos.
In January, New Jersey sportsbooks reported $114.2 million in revenue, about 6% lower than the same month in 2025. That means operators have seen a decline in each of the first two months of 2026.
In total, sports betting in New Jersey has taken in roughly $16 million less in revenue in Jan-Feb than it did in 2025 for those two months.
Rise of prediction markets impacting NJ sportsbooks?
January and February are typically driven by betting on the National Football League playoffs and college football. While the Super Bowl is played in early February, this year’s matchup between the Seattle Seahawks and New England Patriots likely proved far less interesting to bettors than in past years.
February saw the Winter Olympics gain attention, with the men’s and women’s US hockey teams winning gold. It appears, though, that New Jersey bettors weren’t that interested in betting on the Olympics.
The revenue report reveals that FanDuel and DraftKings remained No. 1 and No. 2 among NJ sportsbooks in February:
- FanDuel Sportsbook: $29.5M
- DraftKings Sportsbook: $18.1M
- BetMGM Sportsbook: $4.8M
- Bet365 Sportsbook: $4.7
- Fanatics Sportsbook: $4.4M
- Caesars Sportsbook: $2.8m
FanDuel and DraftKings easily led the way in revenue from sports betting for 2026, at $75 million and $47 million, respectively. In third place is Fanatics at $15 million.
Another possible reason for the cooling off of sports betting revenue and activity are prediction markets, which are available in New Jersey. Those products provide markets that serve like de facto “odds” on sporting events. However, there is no data as of yet that indicates how many New Jersey residents are using prediction market apps.
Last week, Arizona became the first state to file criminal charges against Kalshi, a popular predictions market platform that is also available in New Jersey.
