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 most affordable for the books considering that June 2019.

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

The books lost a nearly similar amount on the 2019 Super Bowl - $4.5 million - and that month produced simply $12.7 million in net income.

4.2% of their cash wagered on football over the very first two months of 2020, while losing simply 4% of their basketball betting dollars. Single-game or match bets in "other" sports produced a 6.2% margin for your house, however the big number for the two-month period was available in multi-wager parlays.

Not only did the sportsbooks hold a massive 17.9% of the deal with on parlays in those 60 days, it came on $190 million worth of bets - slightly more than was banked on single-game NFL playoff picks. That suggested that while parlays represented simply under 20% of the overall wagered, they produced almost half of the earnings for the sportsbooks in those 2 months.

Meadowlands, FanDuel remain kings of the hill

The Meadowlands Racetrack and its online partners - mainly FanDuel - gathered nearly $11 million of the $17 million claimed in February. Resorts Digital, with a portfolio powered by DraftKings, accounted for another $4 million. The top casino, by far, was market leader Borgata at $714,024.

One casino - Golden Nugget - even lost cash on sports wagering 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 6 highest handle figures given that New Jersey began sports betting in June 2018.

Last March, led by the NCAA men's basketball tournament, produced a larger handle for the books - including more than a lots online operators - than any of the subsequent 6 months.

Obviously, the prevalent cancellation of major sporting events across the country, likely for the rest of the month, implies this March is guaranteed to be a lean month for the industry.