US Online Sports Betting Revenue Roundup – February 2021

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The Tampa Bay Buccaneers’ Super Bowl win on Feb. 7 puts football on the shelf until September. The end of football season starts a transition period on the sports betting calendar, with March Madness coming as the next major sports wagering event.

A such, online sports betting revenues dropped across all states in February. This month’s Gaming Today online sports betting revenue roundup takes a look at five states that released February revenue numbers this week.

All of the states in the February roundup report on mobile sports betting revenue broken down by operator, allowing a detailed look at how different sports betting brands fare in different states.

New Jersey Online Sports Betting Revenue February 2021

Retail OperatorOnline SkinsFebruary 2021RevenueMonth-Over-Month ChangeYTD RevenueYear-Over-Year Change
New Meadowlands RacetrackFanDuel Sportsbook, PointsBet$24,886,710
-40.5%
$66,702,890
+109.9%
Resorts Digital GamingDraftKings Sportsbook, FOX Bet, Resorts$7,718,070
-51.0%
$23,457,716
+17.9%
Borgata Hotel CasinoBorgata Sports, BetMGM$4,370,676
-44.6%
$12,254,039
+250.8%
Darby Development (Monmouth Park)Monmouth Park Sportsbook by William Hill, SugarHouse, TheScoreBet$2,540,059
+9.2%
$4,865,841
+19.0%
Ocean Casino ResortWilliam Hill Sportsbook at Ocean Casino, Tipico$1,964,934
-53.3%
$6,174,987
+189.7%
Hard Rock Atlantic CityHard Rock, Bet365, Unibet$1,262,829
-19.2%
$2,283,818
+422.2%
Boardwalk RegencyCaesars Sportsbook, 888 Sport, WynnSports$317,766
-15.3%
$692,905
N/A
Tropicana Casino & ResortWilliam Hill Sportsbook Tropicana Atlantic City$71,758-6.7%$148,691
+41.7%
Golden NuggetGolden Nugget, TwinSpires-$37,143
-121.1%
$139,056
+13.4%
Totals$42,853,819
-42.0%
$116,719,943
+86.5%

New Jersey Still King In The US Legal Mobile Sports Betting Industry

With Super Bowl LV officially bringing football season to an end, New Jersey’s online sportsbooks took an expected revenue decline from January’s all-time high figures. The February figures from the New Jersey Division of Gaming Enforcement showed mobile sportsbooks in the Garden State winning $42,853,819 for the month.

That number marks a 42% dropoff from January’s record-breaking $73.88 million revenue figure. New Jersey’s February 2021 mobile revenues still mark an increase of 168.9% month-over-month against February 2020.

The New Meadowlands license (FanDuel Sportsbook, PointsBet) dominated the New Jersey market in February, pulling 58% of total mobile revenue share. Year-to-date revenue through the first two months of 2021 stands 86.5% ahead of pace against 2020.

The New Jersey’s DGE betting handle breakdown shows mobile sportsbooks taking $689.2 million in February bets, representing 92.6% of overall monthly betting handle.

Pennsylvania Online Sports Betting Revenue February 2021

Retail OperatorOnline SkinsFebruary 2021 RevenueMonth-To-Month ChangeYTD RevenueYear-Over-Year Change
Valley Forge Casino ResortFanDuel Sportsbook$7,321,453-48.8%$21,614,649+175.6%
The MeadowsDraftKings Sportsbook$3,000,576-61.1%$10,720,885+179.5%
Parx CasinoParx Sportsbook$1,374,260-25.5%$3,219,316+12.6%
Mount Airy Casino ResortFOX Bet$867,850-50.9%$2,636,805+44.1%
Rivers PhiladelphiaSugarHouse Sportsbook$759,961-44.2%$2,121,394-28.7%
Rivers PittsburghBetRivers Sportsbook$737,759-42.4%$2,017,792-15.1%
Hollywood Casino MorgantownBetMGM$198,763-52.0%
$613,063
N/A
Mohegan Sun PoconoUnibet Sportsbook$106,431-71.8%$484,201+126.9%
Harrah’s PhiladelphiaCaesars Sportsbook-$2,966N/A
$33,540N/A
Presque Isle DownsBetAmerica-$62,650N/A-$144,017N/A
Hollywood Casino at Penn NationalBarstool Sportsbook-$726,040N/A$341,335N/A
Totals$13,408,364-55.2%$43,348,032+96.9%

FanDuel Remains Tops In Pennsylvania Mobile Wagering Market

Pennsylvania’s February revenue numbers reported by the Pennsylvania Gaming Control Board show a similar trend to neighboring New Jersey. Monthly revenue dipped quite a bit compared to January but showed big growth compared to February 2020.

Online sportsbooks in Pennsylvania earned $13,408,364 for the month, marking a 55.2% decrease from January. Year-to-date figures show the state’s mobile sports betting apps at a 96.9% year-over-year rise over last year, however.

FanDuel Sportsbook topped the monthly revenue charts for the seventh consecutive month in Pennsylvania. Pennsylvania mobile betting handle came in at $469.7 million, good for 93.3% of all bets placed in February.

Indiana Online Sports Betting Revenue February 2021

Retail OperatorOnline SkinsFebruary 2021 RevenueMonth-Over-Month ChangeYTD Revenue
Blue Chip CasinoFanDuel Sportsbook$4,961,681-39.7%$13,184,543
Ameristar CasinoDraftKings Sportsbook, theScore Bet$3,922,143-58.7%
$13,416,917
Belterra CasinoBetMGM$2,165,858
-41.7%
$5,881,285
Hollywood LawrenceburgPointsBet$1,283,632
-5.8%
$2,646,777
Tropicana EvansvilleWilliam Hill$584,406+7.5%$1,127,845
French Lick ResortBetRivers Sportsbook$490,139-40.8%$1,318,486
Horseshoe HammondCaesars Sportsbook, Unibet$50,063
-62.3%
$182,788
Rising Star CasinoTwinSpires$3,328
-71.0%
$14,804
Totals$13,461,250
-44.6%
$37,773,445

Competitive Indiana Market Includes Familiar Brands At The Top

Continuing the trend seen in New Jersey and Pennsylvania, Indiana mobile wagering revenue figures dropped from January to February. Indiana’s online sportsbooks brought in $13,461,250 in revenue, down 44.6% from January.

DraftKings and FanDuel are neck-and-neck for Indiana market share leadership so far in 2021. BetMGM, PointsBet, BetRivers and William Hill all represent viable online sports betting products in the Hoosier State as well.

According to figures from the Indiana Gaming Commission, Indiana bettors placed $241 million in online bets in February. That figure represents 85.5% of overall betting handle in Indiana for February.

The revenue reports from the Indiana Gaming Commission can be viewed here.

Iowa Online Sports Betting Revenue February 2021

Retail OperatorOnline SkinsFebruary 2021 RevenueMonth-Over-Month ChangeYTD Revenue
Diamond Jo CasinoFanDuel Sportsbook$1,519,477
-30.0%$3,689,314
Wild Rose CasinoDraftKings Sportsbook$1,447,774-28.6%$3,476,282
Prairie MeadowsWilliam Hill Sportsbook at Prairie Meadows$1,280,792
-23.8%
$2,961,356
Caesars EntertainmentWilliam Hill$610,433-40.4%
$1,635,254
Catfish Bend CasinoPointsBet$580,902+25.5%$1,043,621
Elite Casino ResortsElite Sportsbook$272,441
-61.2%
$975,381
Lakeside Hotel CasinoWilliam Hill Sportsbook at Lakeside Hotel Casino$146,110-26.4%
$344,654
Hard Rock CasinoHard Rock Sportsbook$43,440
-57.3%
$145,173
Q CasinoQ Sportsbook$4,219
-89.7%
$45,208
Totals$6,001,822
-28.6%
$14,412,479

William Hill Still Tops Iowa Mobile Market

While William Hill played top dog in the Iowa mobile sports betting market throughout 2020, DraftKings and FanDuel both creep up on William Hill’s Iowa market share with each passing month.

William Hill’s combined revenue from its three Iowa licenses still puts it at No.1 in Iowa. The Diamond Jo Casino license, powered by FanDuel Sportsbook, is Iowa’s top-earning online single sports betting license so far in 2021.

William Hill, DraftKings, and FanDuel all play major roles in a competitive Iowa market. February’s revenue totals dropped 28.6% month-to-ton against January, but the $6,001,822 total still marks the second-highest revenue month in the history of the state’s mobile sports betting industry.

The monthly revenue reports from the Iowa Racing and Gaming Commission can be viewed here.

West Virginia Online Sports Betting Revenue February 2021

Retail OperatorOnline SkinsFebruary 2021 Revenue*Month-Over-Month ChangeYTD Revenue**
The GreenbrierFanDuel Sportsbook, BetMGM$1,172,675
-29.7%
$2,841,596
Hollywood Casino at Charles Town RacesDraftKings Sportsbook$63,379
-94.8%
$1,276,816
Mardi Gras CasinoBetly$14,141
-45.1%
$39,882
Wheeling Island CasinoWheelng.Betly.com$13,641
-21.5%
$31,016
Mountaineer CasinoWilliam Hill-$237,599-237.4%-$64,648
Totals$1,026,237
-66.9%
$4,124,662

*total revenue figures for weeks ending in February 2021
**total revenue figures for weeks ending in 2021

West Virginia on $25 Million Revenue Pace For 2021

The Greenbrier license (FanDuel Sportsbook, BetMGM) turned seven-figure revenues in February, while West Virginia’s other four online sports betting licenses experienced a slow month.

Mobile sportsbooks in the Mountain State have earned more than $4.1 million in combined revenue so far in 2021. If the industry keeps on that pace, West Virginia’s mobile sports betting industry would hit right around the $25 million mark by the end of the year.

The West Virginia Lottery’s monthly revenue reports can be found here.

About the Author

Geoff Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff is an avid sports fan, but poker is his passion.

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