February was a rare down month for the now nearly one-year-old NJ sports wagering industry, with handle clocking in at just $320.4 mm, down from a record-breaking $385.3 mm in the month of January and just slightly ahead of the industry’s December tally.
Revenue also took a substantial hit, down from $18.8 mm in January to $12.7 mm last month.
These rather significant dropoffs feel like they should be alarm sounding, especially given the newness of the industry. But that’s hardly the case.