Look out, Las Vegas! New Jersey is coming to cut a strip out of you. February is supposed to be a quiet month in the betting world, after the excitement of the Super Bowl in January. Although the state’s online and retail sportsbooks last month didn’t match January’s haul, they still netted $12.7 in revenue on $320.4 million in sports bets.
“New Jersey’s sports betting market is less driven by major events than in Nevada, and February’s numbers bear that out,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “The market’s consistency will eventually help New Jersey overtake Nevada as the largest legal sports betting market in the U.S., which is now more a question of when rather than if.”