News

DraftKings has added another string to their bow in New Jersey with the addition of a standalone online casino app as it continues to seek an increased share of the online gaming market in the Garden State. The opening comes on the back of last month’s successful opening of the DraftKings Pennsylvania casino casino and a better than expected start in the Keystone State.

New Jersey and its legislators are fully aware that the task to get eSports betting legalized in the Garden State will not be an easy one. However, if the past has taught us anything about New Jersey’s lawmakers, it’s clear they are focused and keep their eyes on the prize when it comes to innovation and getting different types of gaming legalized for its residents and visitors.

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.

PointsBet the Down Under-owned sportsbook that does things just a little differently, has recently celebrated 12 months of doing business in New Jersey and it cannot be accused by the betting industry of standing still and failing to be proactive in introducing new wagering products.

You could never accuse the New Jersey betting industry of standing still and failing to be proactive in introducing new wagering products. In a radical new move, the Garden State is leading the way in the U.S. by introducing fixed odds betting on horse racing.

New Jersey continues to establish itself as the United States modern gaming capital. European esports betting giants Esports Entertainment Group (EEG) has created a fully N.J.-based subsidiary focused entirely on securing gambling licences across the United States. The recently launched GMBL New Jersey is specially established to monitor and manage the Esports Entertainment U.S. expansion, with the company targeting a license application submission straight off the bat in New Jersey, and will provide updates surrounding pending applications in other state jurisdictions. The company has announced intentions to contribute to the New Jersey economy and recruit and source staff and infrastructure locally.

Online sportsbooks in New Jersey reported tough April results, but the news is not all bad. Dual-branded sportsbooks/online casinos like SugarHouse and 888Sport reported that while sportsbook revenue dipped dramatically, the online casino arm of the business is picking up. Let’s examine the official April 2020 New Jersey results.

Even in U.S. States with the most liberal of online gambling laws, gaming revenues in April 2020 decreased by hundreds of millions of dollars following the bricks-and-mortar casinos closing their doors amid the global health pandemic.

As originally reported on April 28, betting on virtual NASCAR racing recently became legal in New Jersey.

This May marks 2 years since legal online sports betting began in New Jersey, and as the market place matures clearly the best online sportsbooks are beginning to distance themselves from the pack.