Boys, it looks like it is getting closer and closer. Some good info here! Sports betting is a profitable venture and this bs about -120 lines, I just don't see it. This article points out the instant revenue brilliantly. Why they would want to fuk with an already profitable model (Vegas style sportsbetting) just seems crazy. Maybe NJ is ran by morons, but hopefully these dudes do it just like Nevada and everybody gets down.
"Using a revenue distribution methodology, we arrive at sports book revenues of $37 million to $60 million for New Jersey," a research report by Union Gaming Research analyst Bill Lerner said. "Using a Sportsbet/visitor methodology, we arrive at revenues of $48 million for New Jersey."
Assuming a 5-year average sports book hold of Las Vegas, Lerner estimated total sports book revenues of $787 million to $1.3 billion in annual sports book wagers in New Jersey.
During 2010, gamblers wagered $2.7 billion on sporting events in Nevada. Despite the large amount wagered, most was returned in the form of winnings, as gross gaming revenues were $151.1 million, only 5.5 percent of the total amount wagered.
With 43 percent, or $1.09 billion, of total wagers, professional and college football remained the most popular sports in 2010. The National Basketball Association and college basketball accounted for 30 percent, or $803.1 million, of all wagers.
Baseball represented 19 percent, or $488.3 million, of all sports bets. The National Hockey League and European soccer were among the "others" generating $185,7 million, or 8 percent of total wagers in Nevada.
"Using a revenue distribution methodology, we arrive at sports book revenues of $37 million to $60 million for New Jersey," a research report by Union Gaming Research analyst Bill Lerner said. "Using a Sportsbet/visitor methodology, we arrive at revenues of $48 million for New Jersey."
Assuming a 5-year average sports book hold of Las Vegas, Lerner estimated total sports book revenues of $787 million to $1.3 billion in annual sports book wagers in New Jersey.
During 2010, gamblers wagered $2.7 billion on sporting events in Nevada. Despite the large amount wagered, most was returned in the form of winnings, as gross gaming revenues were $151.1 million, only 5.5 percent of the total amount wagered.
With 43 percent, or $1.09 billion, of total wagers, professional and college football remained the most popular sports in 2010. The National Basketball Association and college basketball accounted for 30 percent, or $803.1 million, of all wagers.
Baseball represented 19 percent, or $488.3 million, of all sports bets. The National Hockey League and European soccer were among the "others" generating $185,7 million, or 8 percent of total wagers in Nevada.