NJ Sports Betting Online And Kiosks Are Booming

NJ Sports Betting Online And Kiosks Are Booming

As you’ve probably heard, the US Supreme Court made history this May when it allowed for states to legalize sports betting. Other than Nevada, of course, the state fastest to crown itself the capital of sports betting was New Jersey.

Just as soon as the Division of Gaming Enforcement gave a green light in June, sportsbooks started showing up in different locations across the state. Something more curious happened with online sportsbooks, however.

There was a 30-day moratorium in their way, which is why we only saw NJ sports betting develop its online presence until August.

Even then, when DraftKings made their online sportsbook a reality on August 6, we still had to wait a few weeks before the market balanced itself with DraftKings’ competitors getting a seat at the table as well.

The first one to rain on DraftKings’ parade was playMGM, who released the playMGM sportsbook on August 22nd. With the end of the DraftKings monopoly, we saw the true birth of the online market for NJ sports betting - and it hasn’t stopped changing since.

 

Next Came The SugarHouse Sportsbook - And Not Only

Once the floodgates opened, gaming operators didn’t even wait their turn to releasing their offerings. On the very next day, Aug. 23, the SugarHouse Sportsbook went live. FanDuel and William Hill followed, and the two even shared a release date - September 1st.

In fact, during the three weeks from the end of August to mid-September, six online sportsbooks came to be, making a total of eight in NJ sports betting. The last three to join the party were Caesars, the 888 Sportsbook and finally, BetStars on Sept. 13.

 

NJ Sports Betting’s Magic Number

If you’re wondering how long could the expansion of the NJ sports betting market goes on, there is, in fact, an answer. The state did impose a limit on companies and venues with a gambling license. As of right now, it states that each licensee is allowed three online sportsbook brands.

There are currently nine casinos and four racing venues in New Jersey. If we do the math, which has honestly never been this fun, it amounts to a very impressive number of 42 online sportsbooks!

Talk about an oversaturated market. Thankfully, we will probably not get to see that number become a reality, an industry analyst, Chris Grove, speculated in a Forbes’ piece. He expects the NJ sports betting market to max up around 30-ish online sportsbooks and he even proposed a timeline - 18 before this football season, and 10 more before the next one sets off in 2019.

 

What’s In The Cards For Online Sportsbooks

Here’s a more detailed rundown of the sportsbook options New Jersey’s got to offer.

There are 8 online sportsbooks and 8 physical ones. Out of the land-based ones, only some have linked their business to an online brand - Borgata to playMGM, Golden Nugget to the SugarHouse Sportsbook, Resorts to DraftKings and BetStars, Meadowlands to FanDuel, and last but not least, Monmouth Park to William Hill.

The rest: Bally’s, Hard Rock, Harrah’s, Ocean Resort, Tropicana, AC Racehouse and Cherry Hill only have land-based sportsbooks. And let’s not forget Caesars, who is a special case, as they don’t have a physical sportsbook in New Jersey, but are linked to two online brands - 888 Sport and, of course, their own brand- name.

It’s smart to assume that those that still haven’t stepped up to the task of launching an online sportsbook, are likely to do so in the near future. And let’s not forget, casinos outside of New Jersey might want a piece of the pie, too.

Profile Pic.
About Rich Migliorisi

Long before taking on the role of Managing Editor for BonusSeeker.com in 2018, Rich Migliorisi began his journey with a degree in Film & Broadcasting. Rich began his career as a film editor, but as a lifelong sports fan and an enthusiastic writer, he decided to also pursue a sports writing career in 2013. Rich was nominated by the Fantasy Sports Writers Association (FSWA) for Fantasy Baseball Writer of the Year in 2013 for his editorial work. During this time, Rich simultaneously contributed to various sports publications and video editing projects, while also grinding poker for a living. In 2015, he was hired at MLB Advanced Media as a Senior Site Manager on MLB.com. Rich later joined NHL.com in the same capacity, lending his talent to both operations until joining the team at BonusSeeker. His experience in sports and poker makes for a unique blend of expertise in the world of online casinos and sports betting.

MLB, NHL, The Fantasy Fix, Video Editor, Poker Player

Latest News

The Best Way To Deposit And Withdraw From Online Casinos In Canada

The Best Way To Deposit And Withdraw From Online Casinos In Canada

Recently, we have discussed the legality of online casinos i...

GAMBLING LEGISLATION
NJ Online Casinos Experience Revenue Drop To $45 Million In June

NJ Online Casinos Experience Revenue Drop To $45 Million In June

The summer months are generally the quiet time of year for N...

GAMBLING INDUSTRY UPDATES
A Comparison Between Online Gambling In Canada To The United States

A Comparison Between Online Gambling In Canada To The United States

The legality of online gambling in both Canada and the Unite...

GAMBLING LEGISLATION

Featured In

Business Insider
MarketWatch
Reuters
Yahoo! Finance
This web page is purely for entertainment purposes only, and may contain paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, FanDuel, and others.) When you play online or in person at casinos, you are always at risk to lose the money that you are wagering, and Bonus Seeker makes no claim or guarantee that you will win money. When gambling at a casino, only risk what you can comfortably afford to lose. You must be 21 years or older, and a US citizen to register at online casinos in New Jersey and other states in the US. Whilst we try to ensure that this information is correct, we do not warrant its accuracy or completeness. The information provided does not constitute advice and is intended only to provide general information. Bonus Seeker and its partners will not be responsible for any errors or omissions and we will not have any liability or responsibility for any loss that arises from any reliance placed on information obtained from this article including, but not limited to, the comments submitted by third parties. If you should require any advice for gambling-related problems, please CALL 1-800-GAMBLER.

© Copyright 2019 - All Rights Reserved. Privacy Policy - XML Sitemap