New Jersey Sports Betting News. What’s next?

New Jersey Sports Betting News

New Jersey sports betting news has us looking at the most successful US State for sports betting to date.

New Jersey Sports Betting news – Current State.

  1. With $318.9 million in bets, the New Jersey sportsbooks surpass Nevada Sportsbooks which took in $317.4 million by $1.5 dollars to become the nations top sports betting state.
  2. In the 12 months since the legalization of sports betting, New Jersey has taken in more than $2.9 billion in sports bets, resulting in nearly $200 million in revenue for multiple sportsbooks.
  3. Draft king the top mobile operator in New Jersey has seen over 20 million in bets via mobile and paid out over $600 million in New Jersey alone.

New Jersey has been at the forefront of the legalization of sports betting in the US since the beginning. It was New Jersey after all who successfully sued the NCAA in, Murphy v. National Collegiate Athletic Association, in the fall of 2017, that paved way, In May 2018, for the Supreme Court ruling in the PASPA case in favor of New Jersey.

The Supreme court ruled that the 1992 federal ban on sports betting in most states violated their rights, in essence, legalizing sports betting in the US.

While New Jersey technically was the third state to legalize sports betting at the time after the ruling, with Nevada and Delaware starting first, It has been the most successful so far

New Jersey Sports Betting News

New Jersey Sports Betting news – Future State

With the crown in hand, it seems like sports betting in New Jersey has been an amazing success story for most of those involved in sports betting.

“It happened a little quicker than we imagined,” said Mr. Christie the Republican Ex-Governor of New Jersey who spearheaded the legalization process.

Sports betting can also be held directly responsible for lifting the Casino’s fortunes in Atlantic City where traditional sports betting powerhouses like Draft Kings and William hill have set up shops via partnerships with local Casinos.

Mobile sports betting has also seen bettors from nearby states like Newyork travel across state lines into New Jersey just to bet on their mobile Phones and then head back home, commuting mostly via train.

New Jersey sports betting has been wildly successful and now stands as the blueprint for other states that are in the process of legalizing sports betting with their own laws and sportsbooks.

The challenges seem to be many but very bullish for this industry a that would see it surpass even the optimistic of projections as the industry grows.

Stay Tuned.

Leave a Reply

Your email address will not be published. Required fields are marked *