Legal NJ Sports Betting Revenue Set To Hit Over 1 Billion

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Sports Betting in New Jersey Set to Top $1 Billion in Revenue
Betting on sports in the United States alone is a multi-billion-dollar industry. Furthermore, this includes all the available channels both legal and illegal by designated laws. Moreover, the US Supreme Court decision back in May of this year turned the topic of legal sports betting. Above all, this is over to individual states with New Jersey leading the way. Also, it appears the federal government locks them in a lawsuit along with a few of the biggest sports leagues in the country. As a result, the Garden State prevails taking its case all the way to the highest court in the land.

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New Jersey was also the first state outside of Nevada to offer patrons legal sports betting. Also, this is in conjunction with its Atlantic City casino hotel and resorts. Most importantly, this includes horse racing tracks such as Monmouth Park and the Meadowlands. Furthermore, going one step further. Moreover, New Jersey also laid the groundwork to expand it’s online sports betting revenue in time for this year’s football season.

The fruits of this particular state’s labor have paid off in a big way with the legal sports betting industry in New Jersey rapidly closing in on the $1 billion mark in revenue according to a recent post by Wayne Perry on www.apnews.com.

Through the middle of this month in fewer than six months overall, the sports betting revenue through all licensed outlets in the state had topped $928 million. This actual figure was released on Dec. 12 by the state Division of Gaming Enforcement. This regulatory body also stated that New Jersey’s casino and racetracks with stand-alone sportsbooks took in $330 million in sports betting revenue in the month of November. This makes topping the one-billion mark a mere formality by the time December’s revenue figures are tallied up.

Jeff Gural is the general manager of Meadowlands Racetrack in East Rutherford New Jersey. Furthermore, he expects sports betting to take off at his facility. Moreover, people have questions about the sports betting volume at his establishment. Henceforce, this is following a recent Sunday of NFL games. As a result, he states “I was there Sunday and the place was packed. So many of those games went right down to the last minute. It was really exciting.”

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He expects an even bigger boost in betting volume. Furthermore, once the planned self-serve betting kiosks are installed somewhere around the New Year’s holiday. Also, this expands the overall number of existing betting portals located at the race track.

Fanduel has been contracted to operate the Meadowland’s sportsbook. Furthermore, they announce they will double the sports betting revenue. However, these statistics were done on the prior month.

The early numbers for New Jersey sports betting are impressive, to say the least. In a direct comparison included in this AP post, the sports betting revenue from mid-June through the end of October in the state of Nevada was $1.8 billion. The neighboring state of Delaware, which was also one of the first to market with legal sports betting in its horse track casinos or Racinos reported a handle of $54.4 million during that same time frame.

About NJ Sports Betting

First of all, it appears that the US Supreme court rules in favor of legal sports betting at NJ online casino apps. Moreover, it seems like the Golden Nugget casino and racetrack and other New Jersey sports betting sites are taking sport bets. Have you seen commercials on Youtube and the TV for Fanduel, Draftking and other daily fantasy sports betting sites?

It appears that these Atlantic city casinos offer sports betting in New Jersey and a few other states. Also, you can bet on sports and horse racing. However, these online Sportsbook operations from the division of gaming enforcement require a license. Having said that, we believe Draft Kings, William Hill, and fanduel sportsbook acquire these licenses. Are you familiar with “legal NJ sports betting “? At PlaySlots4RealMoney.com, we don’t give legal advice. If you have any questions including but not limited to gambling, consult an attorney.

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Sports Betting in New Jersey Set to Top $1 Billion in Revenue
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Sports Betting in New Jersey Set to Top $1 Billion in Revenue
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Legal online sports betting in the state of New Jersey is set to bring in more than one billion dollars of online gambling revenue to the Garden State.
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