Noticias de ultima
  • 12.00 Bets generate R$478.9 million for the Ministry of Sports in the first half of the year
  • 12.00 Legalization of casinos and gambling in Brazil could generate R$20 billion in taxes
  • 12.00 California Moves to Prohibit Sweepstakes Casinos with Unanimous Legislative Support
  • 12.00 Sports Betting Applications Close in Missouri as Pre-Registration Date Nears
  • 12.00 $1 Billion Arena Project to Kick Off at Reno Casino Resort
  • 12.00 Big Stage, Bold Impact: NOVOMATIC Will Set the Tone at G2E 2025
  • 12.00 Atlaslive’s 2025 Summer Brief: Phishing Continues to Top the Cyber Threat List
  • 12.00 GLI Expands EMEIA Team
  • 12.00 IGT Named Official Lanyard Sponsor for BEGE 2025
  • 12.00 SBC Summit 2025 Opens Today: 135,000 m² of Innovation, Networking, and Deals
Sportsbook

Bets Pour Into New Jersey´s Sportsbooks In October

Friday 16 de November 2018 / 12:53

2 minutos de lectura

(Atlantic City, N.J.).- New Jersey's online and retail sportsbooks set a new high in wagers in October while blowing past the $500 million mark in wagers since sports betting was legalized in June. This as the early winners of the fledgling industry continue to make gains, according to analysts for PlayNJ.com.

Bets Pour Into New Jersey´s Sportsbooks In October

"Two full months of the football season is showing us how the market is beginning to mature," said Dustin Gouker, lead sports betting analyst for PlayNJ.com. "FanDuel Sportsbook is dominating the retail market and DraftKings continues to be the strength of the online market. In addition, we continue to see locals flock to online sportsbooks."


New Jersey's sportsbooks accepted $260.7 million in October wagers and generated $11.7 million in gross revenue, according to Thursday's official reporting. Online sportsbooks accounted for 67 percent total bets in October.


"New Jersey's handle should surpass Nevada by 2019, and a key driver should be online sports betting," Gouker said. "As New Jersey innovates its online sports betting products and more online sportsbooks prepare to enter the market, a significant preference for online betting has become evident."


FanDuel Sportsbook remained the top retail sportsbook with $1.1 million in gross revenue. DraftKings Sportsbook powered Resorts to $5.1 million to lead online books.


"Brand recognition appears to be a crucial element fueling the ascendency of DraftKings and FanDuel," Gouker said. "The market will continue to evolve. We expect more online sportsbooks to hit the market in the next two months, and that could eat into some of the dominant players' marketshare."


New Jersey's online casino and poker industry moved closer to hitting $1 billion in lifetime gross revenue by generating a record $26.7 million in October. The industry has generated $965.3 million in lifetime revenue.


"After its slow start, few envisioned that the legal online gambling industry would reach $1 billion so quickly," said Steve Ruddock, lead online gambling analyst for PlayNJ.com. "What's more exciting is online gambling has yet to hit its ceiling. Online casino revenue continues to climb, and the addition of online sports gambling has only added to that growth."


 

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook , PlayNJ.com,

País: United States

Event

GAT Expo CDMX 2025

28 de August 2025

Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025

(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.

Tuesday 16 Sep 2025 / 12:00

GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico

(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.

Monday 15 Sep 2025 / 12:00

21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico

(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.

Monday 15 Sep 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO