Often thought of as the most moderate in the country, New Jersey gambling laws have recently opened the doors to online casino gambling. The garden state has a long history in gambling and was the home of the very first casino in Atlantic City. Recent changes to the laws in both poker and casino permit citizens access to online gambling.
Sports betting in New Jersey
As recent as a month ago the optimistic David Rebuck, Director of Gaming Enforcement in New Jersey mad a statement that by July this year he aims for the Garden State to be the top United States sports betting market.
Bordered on the east and north by New York, the Atlantic Ocean on the east, Delaware and Pennsylvania to the southwest, it is the fourth-smallest state, although New Jersey is the eleventh most populated, and in 2017 an estimated 9 million residents called New Jersey home. It is the most densely populated US state and the third wealthiest by income per household.
New Jersey Biggest Sports Betting Market in the US
Should California and New York go live in the sports betting market, New Jersey could find it a tall order to provide larger sports betting market, yet it is not far-fetched. According to the latest DGE on the 12th of July 2018, the total gambling revenue in June reached $233.6 million in New Jersey. When compared to the corresponding month last year it indicates an increase of 7.3%.
To put these figures into perspective, the Gaming Control Board of Nevada revealed in January that the strip collected around $572 million in winnings from gamblers in December 2017 alone. In the case of Nevada, it represents a decline in profits of 3.2% when compared to the same month one year earlier.
Online Sportsbook Live in New Jersey
Online sportsbooks live in New Jersey include Caesars, William Hill, PlayMGM, SugarHouse, DraftKings Sportsbook and FanDuel Sportsbook. The first to launch on mobile was DraftKings who held the monopoly for three weeks since PlayMGM launched its sports betting app on the 22nd of August.
Racetracks and Casinos in New Jersey are allowed to form partnerships with up to a maximum of three online sports betting sites, although they first need to have a physical sportsbook. At the moment, eight of the casinos in New Jersey have retail sportsbooks.
Once the Supreme Court ruling unlocked the legal sports betting option, it was a race to become the first to allow sports betting. The race was won by Delaware according to online reports who started accepting wagers on sports from Tuesday on soccer, hockey, golf, football, MMA/boxing, baseball and auto racing. NJ state Gambling Laws allow sports betting both for online wagering and physical sportsbooks and on the 8th of September DraftKings celebrated a million bets. They feel the start of the NFL season increase the pace rapidly in reaching this astonishing milestone.