1. #1
    jjgold
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    Sports betting soars to $95M in New Jersey in August

    Greatest Move NJ did was contract out a lot of the lines to European firms and now offer 20x more than Vegas and 24 hrs a day live betting unlike Vegas

    NJ will pass Vegas eventually as the new leader

    Smart move


    ATLANTIC CITY, N.J. (AP) -- Sports betting is a second-inning home run in New Jersey, where gamblers plunked down more than $95 million on sporting events in August, helping Atlantic City's casinos to one of their biggest monthly revenue increases in three decades.
    The $95.6 million wagered on sports in August was more than twice as much as the amount bet in July as New Jersey's sports betting market is soaring.
    Nearly $74 million was wagered at on-site betting windows, and $21.7 million was bet on sports via online or mobile phone apps, a market segment that is expected to become the dominant player in the industry as more and more companies gain approval from New Jersey regulators to offer online sports betting.
    The surge comes as more companies race to join the burgeoning market, which became possible when New Jersey won a U.S. Supreme Court case in May clearing the way for all 50 states to offer sports betting should they so choose.
    The numbers, released Wednesday, helped boost Atlantic City casino revenue to nearly $304 million, an increase of more than 24 percent from a year ago.
    "With the new casinos that opened in June and the addition of sports wagering options, including online alternatives, the gaming industry has experienced growth rates in July and August that have not been achieved in years," said David Rebuck, director of the New Jersey Division of Gaming Enforcement. "It is an exciting time for Atlantic City and we look forward to continued revenue growth going forward."



    The Meadowlands Racetrack in East Rutherford, just outside New York City, led the market with just over $3 million in sports betting revenue in August; Resorts Digital was close behind at $2.97 million. Monmouth Park racetrack in Oceanport won just under $900,000; the Borgata casino won just over $855,000; Ocean Resort Casino won nearly $520,000; Harrah's won nearly $300,000; Bally's won nearly $270,000; Golden Nugget won over $215,000, and Resorts casino won just over $98,000.
    So far this year, those outlets have won $16.4 million on sports bets. Part of the money they have taken in as bets involves games that have not yet been played, including baseball's World Series and football's Super Bowl. That money will be accounted for after those events are decided.
    The companies retained about 5 percent of the amount bet on completed events.
    Internet gambling had another good month, as usual, with $24.8 million won online, an increase of nearly 17 percent from a year ago


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  2. #2
    USCPHILLYGUY
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    Yes the lines are a bit more shitty than offshore but gotta tell you been very happy w the experience so far. Even my baseball bet yesterday with dealing w customer was amazing. 1st time deposit bonus up to 250 w 1x rollover? Who does that?

    Coach Iím heading down today at 3 to meet up w some friends from ACCC for drinks. Iíll pick you up at the Farley rest stop

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  3. #3
    jjgold
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    lol good one USC

    3 shops already web based and anyone can view the lines

    How the heck did they blow by Vegas so fast in Technology??

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  4. #4
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    Vegas is a destination, they will be fine. Nobody wants to go to AC, place is a dump.
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  5. #5
    jjgold
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    Quote Originally Posted by GWags View Post
    Vegas is a destination, they will be fine. Nobody wants to go to AC, place is a dump.
    NJ will kill it online apps and web

    Some books already online offering live betting from stuff all over the world even darts

    bizarre

    It will help offshore because with new companies in the game offshore will have to stay on their toes more and offer great products and fast payouts with low fees
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: qsgsg

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  6. #6
    ByeShea
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    Quote Originally Posted by GWags View Post
    Vegas is a destination, they will be fine. Nobody wants to go to AC, place is a dump.
    Vic and Anthony's Steakhouse in AC is the best steakhouse I've ever been to. Without question. A second and third trip there confirmed it for me. Other than that, not a fan of AC, but I have to put that out there.

  7. #7
    USCPHILLYGUY
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    Quote Originally Posted by GWags View Post
    Vegas is a destination, they will be fine. Nobody wants to go to AC, place is a dump.
    I’d rethink that. The real estate market on the north beach part of AC is ripe for the picking. Some big projects going on.

    Invest invest invest

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  8. #8
    DOM_Toretto
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    Quote Originally Posted by GWags View Post
    Vegas is a destination, they will be fine. Nobody wants to go to AC, place is a dump.
    I like AC just as much as Vegas

    Been to AC twice, plan to go back soon & often
    Been to Vegas 5x, plan to go back for WSOP

    FYI, my flight to AC is 1 hour, vs. 5 hours to Vegas. AC also way cheaper, not as hot, and has the beach.
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  9. #9
    Hman
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    Quote Originally Posted by GWags View Post
    Vegas is a destination, they will be fine. Nobody wants to go to AC, place is a dump.


    But isn't all of that going to change in the next few years?

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  10. #10
    Sam Odom
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    what % of that $95M is 'new' $$$ that would have NEVER been sent offshore ?

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  11. #11
    yisman
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    I think I've placed over 2,000 bets on the DK app

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  12. #12
    Hman
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    Quote Originally Posted by Sam Odom View Post
    what % of that $95M is 'new' $$$ that would have NEVER been sent offshore ?


    I'd say the majority of it.

    But new bettors eventually become experienced & start shopping around.

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  13. #13
    jjgold
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    I am just impressed how fast NJ moved on this and passed Vegas in bet offers and internet wagering

    I think NJ is unique though, most states are not going to end up with 10 shops like NJ will have

    NJ will take a little away from offshore but like I always said offshore has a pool of 800 million people across the globe with no regs so they will be fine

    Good options for all

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  14. #14
    lonegambler23
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    jj they should hire you

  15. #15
    sweep
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    wait until you see the September numbers...

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  16. #16
    USCPHILLYGUY
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    Quote Originally Posted by Hman View Post
    I'd say the majority of it.

    But new bettors eventually become experienced & start shopping around.
    Hman are you thinking these new “experienced” gamblers will eventually open up offshore accounts?

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  17. #17
    jjgold
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    Quote Originally Posted by lonegambler23 View Post
    jj they should hire you
    I am an expert in the field

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  18. #18
    Hman
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    Quote Originally Posted by USCPHILLYGUY View Post
    Hman are you thinking these new “experienced” gamblers will eventually open up offshore accounts?


    Absolutely some will once they find -105 and big bonuses they can't find in the states.

    Or via word of mouth.

    I'm in Florida so just like some states not sure when or if ever we'll see legal sports betting here.

    But even if we do i will play at both.

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  19. #19
    Sam Odom
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    Quote Originally Posted by jjgold View Post

    I am an expert in the field


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  20. #20
    Slipknot26
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    NJ isnt going to kill anything Gold .
    These pop up sites require GPS that you're in NJ to even be able bet it on the site . So that will not sway anyone from leaving the major offshore or going to Vegas .
    Essentially might as well just go to Vegas or the Jersey Casinos and bet it with the sites requiring you must prove you're in Jersey by GPS .
    I tried on the site uscphilly posted yesterday , you can login , see lines , , you can even deposit money but you won't get a bet in until it sees you're in Jersey by GPS verification.
    Luckily I read the fine print before depositing

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  21. #21
    Roger T. Bannon
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    Quote Originally Posted by jjgold View Post
    I am just impressed how fast NJ moved on this and passed Vegas in bet offers and internet wagering

    I think NJ is unique though, most states are not going to end up with 10 shops like NJ will have

    NJ will take a little away from offshore but like I always said offshore has a pool of 800 million people across the globe with no regs so they will be fine

    Good options for all
    Entirely predictable. Vegas did not want NJ betting, they only reluctantly have provided apps and they do not know how to do online sports betting and will try to avoid it for as long as possible which will be to the point that they have lost significant market share to newcomers which they will never get back and may ultimately abandon the space entirely because it is not profitable enough.

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  22. #22
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  23. #23
    jtoler
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    they look at it as just another racket of siphoning more money from the public pretty much like a raffle, few will win in the long run

  24. #24
    allabout the $$$
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    Quote Originally Posted by Hman View Post
    Absolutely some will once they find -105 and big bonuses they can't find in the states.

    Or via word of mouth.

    I'm in Florida so just like some states not sure when or if ever we'll see legal sports betting here.

    But even if we do i will play at both.
    Heard from a good source you will be getting craps and roulette in the state of florida very soon
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  25. #25
    Hman
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    Quote Originally Posted by allabout the $$$ View Post
    Heard from a good source you will be getting craps and roulette in the state of florida very soon

    Yeah that's the problem all of that is priority over sports bettiing.

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  26. #26
    jjgold
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    legal online casino and sportsbetting is going to cripple the new generation
    I feel sorry for them

    Its too easy to gamble here and all doing good volume even online casinos in NJ

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  27. #27
    allabout the $$$
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    Quote Originally Posted by Hman View Post
    Yeah that's the problem all of that is priority over sports bettiing.
    From the house perspective it should be much more money to be made from tables than a sportsbook.
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  28. #28
    jjgold
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    All about the money move up to the Lehigh Valley

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  29. #29
    Sam Odom
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    jjgold shitten in his pants

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  30. #30
    sweep
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    BetStars just launched NJ app....GAME OVER



    https://www.sportsbookreview.com/for...ry-leader.html

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  31. #31
    allabout the $$$
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    Quote Originally Posted by jjgold View Post
    All about the money move up to the Lehigh Valley
    Nah new york and florida is good enough for me
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  32. #32
    jjgold
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    Quote Originally Posted by Sam Odom View Post
    jjgold shitten in his pants
    No I am giving props to NJ

    They are blowing away Vegas already

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  33. #33
    CWD
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    offshore die hards kept reminding us the USA was mere fraction of their business lol

    tony is mickey mouse doubt he could even handle action for one state in USA

    bye bye offshore
    Last edited by CWD; 09-14-18 at 02:53 PM.

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  34. #34
    Optional
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    NJ people voting for what they want with $$

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  35. #35
    Optional
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    Quote Originally Posted by CWD View Post
    offshore die hards kept reminding us the USA was mere fraction of their business lol

    tony is mickey mouse
    If offshores are not around in 10 years you will be making posts about the good old days when gambling was fair.

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