NJ Sports betting handle soars to $600 Million

[darrell74]

^
Instead of starting a new thread
I just thought I would go back to an old thread and just post this article
it maybe restart a conversation

I really don't know much about this subject

[cankid]

It says six brick & mortar sportsbooks made losses in Feb. Borgatta over 750K.

But all of them had an overall profit when including online.



If that trend continues I can't see big investment in offline facilities continuing for very long.

Right about that Optional

[eaglesfan371]

The entire east coast was on patriots for the Super Bowl. Obviously February's Result will be an outlier and cannot be considered for estimating future cash flows. Sure, you can add a higher variance for the month of February in the future but books are not going to reduce investment.

Honestly in a couple years the handle in NJ could beat Vegas. Only thing stopping that is the UK rule of punting winners, whereas Vegas accepts all action with set limits and allows losers unlimited limits (hypothetically)

[jjgold]

Eagles Vegas is going to blow by Vegas

Nevada a very poor state and will eventually lose a lot of sportsbook revenue because of widespread gambling