New Jersey gamblers wager $3.2 billion on sports in first year

[The Buzz]

New Jersey gamblers plunked down more than $3 billion on sports in the first full year that it became legal, according to the state Division of Gaming Enforcement, with 80% of those bets coming via a mobile device. That percentage is increasing, as it hit a high as 82.6% in the last reported month (May).

In addition, online gaming revenue also soared in June to over $38 million, an increase of nearly 68% from a year earlier, led by the Golden Nugget, which at nearly $13.6 million won more than twice as much online as its nearest competitor.

From an AP report:

“I am frankly shocked at how well we have done,” said Jeff Gural, operator of the Meadowlands Racetrack in East Rutherford, just outside New York City. The track has earned nearly $58 million in sports betting revenue after winning bets have been paid out — more than the entire Atlantic City casino industry combined.

“I expect that in this calendar year we will do $500 million (in betting volume), which makes us the biggest in the world. We totally dominate New Jersey, and as long as New York decides to force their residents to either bet illegally or drive to New Jersey, now that we have self-bet terminals available for the football season and American Dream opening next door, I would expect to see our revenues continue to grow,” Gural said, referring to a massive entertainment and retail complex.

Read more here: https://www.marketwatch.com/story/ne...-so-2019-07-12

[Cash Bonus]

That's great news as more and more people will be wanting to place their bets through their mobile phones (a lot of people use their mobile phones daily) as it's obviously so much easier, realistic and convenient that it can be done from anywhere and on the go!