New Jersey did it .
For the third time in four months, complete bets in NJ sports topped the performance of the sportsbooks of Nevada.
The August number from the Garden State arrived at $294 million.
288 million was reported by the Silver Condition.
New: NJ has had a month in terms of sports gambling handle for 2 months in a row, so now that Nevada figures are outside for August.
NJ handle: $294M (https://t.co/Vt28oUEi4y)
Nevada handle: $288M
Story TK at LSR
So is New Jersey destined to lead the US sports betting market? Or dominate around the East Coast?
It all starts with NJ gaming and 17 sportsbook programs.
When speaking about level wagered (or handle), the New Jerseys phone operators are completely crushing it.
The year-to-date online manage sits at $2 billion.
Retail, on the other hand, accounts for around 460.3 million of the business enterprise.
Keep in mind the recent NFL and college football betting season incorporates products that are new for your NJ sports gambling crowd.
Since August, three two rebranded and new apps have launched. They are:
The bottom line is the New Jersey market. With of stakes going online, this expansion will be only fortified by the accession of apps later on and today.
That is not to say that Nevada does not have cellular betting, but its regulations do not allow for remote signup of gambling apps. The internet dominance is limited by this . And gives New Jersey a border.
By launching NJs first portable sports gaming program, draftKings Sportsbook created history in August 2018. The product works under the Resorts Digital umbrella (using Fox Bet and Resorts Sportsbook).
And because that summer launching, the Boston-based firm has observed the numbers climb.
New Jersey took the summit for the first time.
And in July, the Garden State and the all-time album of Nevada flirted .
When asked if hes amazed about New Jersey topping Nevada in manage for the next period, Johnny Avello, director of sportsbook surgeries for DraftKings, stated hesnot surprised in any way.
The product we offer the NJ residents is paramount so in my estimation, it is the perfect place to wager on sports at the country, explained Avello.
He did notice that Nevada has a population of 3 million compared to eight million in NJ.
And the market-leading FanDuel Sportsbook (beneath the Meadowlands Racetrack license) continues to play a significant role also.
Kevin Hennessy, a spokesman for FanDuel Group, said sports continues to exceed all the firms expectations.
Weve got a fantastic product which provides clients an unsurpassed sports adventure and that is what has made it the #1 online sportsbook at New Jersey and Pennsylvania, he said.
For August alone, the Meadowlands reported $11.8 million in sports betting revenue (a part of it is in PointsBet NJ). The vast majority of gambling revenue, $9.3 million, came through online.
Resorts Digital claimed the remote No. 2 spot with $6.7 million.
The opposing side of this coin, of course, is that New Jersey operators continue to profit from the business where there are more than eight million residents coming from the nyc region.
Retail sports is offered in NY, however, are the usual three-hour drive from town.
FanDuel works from Tioga Downs. The Meadowlands location, on the flip side, is less than 10 miles from the Lincoln Tunnel.
Plus New York state doesnt have sports betting. Not yet. So all customers need to do is cross the George Washington Bridge or one of the tunnels to place those stakes.
Because of this, the loss of New York is the gain of FanDuel.
Hennessy stated there is the situation benefits New Jersey.
We have 20 percent of our online clients coming from New York. Our retail space in the Meadowlands Racetrack has more than 50 percent of the retail marketplace, and a good reason for that is being a stones throw away from the New York border.
New York may be larger, but New Jersey has their amounts.
When we add Pennsylvania to the equation, then things get somewhat dicier for NJs East Coast sports betting crown. One train of thought is the Keystone State could eventually overpower New Jersey.
They also have a population of over 12 million and are a state that is much larger.
Plus there are 12 casinos (together using the other under construction). The NJ sports field consists of two casinos and two racetracks.
Pennsylvania recently launched online sports gambling, and there are five programs on the industry.
Thanks for August came in at $109 million to the inclusion of FanDuel, the PA handle.
The difference is the New Jersey Division of Gaming Enforcement permits each license holder to possess three skins.
The Pennsylvania Gaming Control Board limits the online skins . That does give them 12 programs by the time that the market is in full launching.
So clearly, the two neighboring states have what it takes to be the sports.
Avello failed to produce any forecasts when asked if New Jersey is put up within a larger state such as PA for long-term dominance.
But he did offer this thought up:
I do not need to speculate who will have the largest sports handle down the road, but I will say the Department of Gaming Enforcement in New Jersey has been competitive and open to new ideas, which is a difference maker, Avello said.
The sports gambling handle title goes back to New Jersey, until another state knocks down the champs. With football season in betting mode, it is likely Nevada will recover that crown in the months ahead.
The next round will be decided later this month.
Bill Gelman is a veteran sports writer located just and not much away from the Jersey Shore. Bill spends some time in Atlantic City composing in Boardwalk Hall regarding casino openings and expansions, special occasions and world championship boxing. Hes now incorporating NJ sports gambling and online gambling to the mix.