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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 CARTAGENA 2025

28 de April 2025

Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia

(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.

Wednesday 30 Apr 2025 / 12:00

GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena

(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.

Wednesday 30 Apr 2025 / 12:00

Successful Start to GAT Expo Cartagena 2025, Which Continues with Two Days of Gaming Sector Exhibitions

(Cartagena, SoloAzar Exclusive).- Perfect attendance and strong performance were the highlights yesterday at the GAT Academy conference series at the start of GAT EXPO Cartagena, which continues today and tomorrow with the exhibition of products and services from important companies in the gaming sector, both traditional and online.

Tuesday 29 Apr 2025 / 12:00

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