New Jersey

New Jersey sports betting fans could soon have the opportunity to place wagers on college sports teams based in the Garden State. The State’s lawmakers have advanced the bill that would allow the state’s visitors and residents to place legal online wagers on college sports teams like Seton Hall, Rutgers, Monmouth, Princeton or Riders.

New Jersey sports bettors and fans of the FanDuel betting app now have a new tool at their disposal in order to assist in winning a few extra bucks and having a load of fun while they’re doing it.

New Jersey sports bettors now have a new form of sports betting to look forward to, as betting technology company, Simplebet, recently launched its NBA InPlay product through its partnership with one of the Garden State’s leading online sportsbooks, FanDuel.

A Florida man who recently placed $3 million with DraftKings in parlay wagers in New Jersey has had betting account frozen after it was discovered that the bets were placed outside the state lines of the Garden State.

Sports Betting in New Jersey is still not back to its heady days of February and its ongoing month-on-month betting handle and revenue increases, following the shutdown of world sporting action. However, there’s good news that sports betting appears to have turned the corner in the Garden State and it’s picking up again.

When the Professional and Amateur Sports Protection Act (PASPA) was repealed in May 2018 and states began to legalize sports betting, there was a lot of gaming industry talk that the state of Nevada as a whole would lose many customers, its sports betting influence, and that the very essence of sports betting would alter as a result have options.

The news that six men have been charged with running illegal gambling sites highlights the commitment of legislators to protect people who enjoy betting.

In June 2019, the Garden State of New Jersey overtook Nevada in terms of both handle and revenue, and it’s been widening ever since. From May 2019 to August 2019, New Jersey’s sportsbooks beat out Nevada sportsbooks in three of four of those months. In August 2019 alone, New Jersey’s sportsbooks took in $293.5 million in bets, and $25.5 million in revenue, beating up on Nevada’s $288 million and $18.7 million respectively.