New Jersey's online and retail sportsbooks set a new high in wagers in October while blowing past the $500 million mark in wagers since sports betting was legalized in June
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The DFS giant announced on Wednesday that DraftKings Sportsbook at Resorts will open by the end of the month at Resorts Casino Hotel in Atlantic City.
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FanDuel says 9 percent of its sports book customers live in New York and 4 percent live in Pennsylvania. DraftKings has a similar breakdown, and says about 20 percent of its active customers visit New Jersey from other states to place bets.
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The New Jersey Devils announced today another partnership tied to sports gambling after the state made it legal a few months ago.
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Since legal sports betting went live June 14, it has generated $4.15 million in taxes for the state coffers, $3.85 million of which was collected since the beginning of the 2019 fiscal year July 1.
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The sports book, run by William Hill US, is a temporary location until a 5,000-square-foot permanent structure is complete, said Steve Callender, general manager of Tropicana Atlantic City.
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As part of becoming a team sponsor, sportsbook operator William Hill will have its name on a Prudential Center lounge where games can be watched on more than 20 screens with odds boards displaying the menu of betting options across all sports.
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The resort that reopened in June under new ownership has unveiled The Den, a gaming lounge geared for gamers and millennials. The area is located on resort’s mezzanine level next to the 5,500-seat Ovation Hall.
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The activity is rapidly growing in popularity across the country and around the world, and the New Jersey gambling resort wants to become a major player in the nearly $1 billion global market.
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Ever see one of those paintings that looks magnificent from afar, but up close is a wild and distorted mess? That’s analogous to the performance of the Atlantic City gambling market in September.
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The start of the pro and college football seasons led the volume of sports betting in New Jersey to nearly double in September from its level a month earlier.
Read More . . .Some believed the new properties — Hard Rock Hotel & Casino Atlantic City and Ocean Resort Casino — would cannibalize the existing seven casinos’ customers, while others were of the mind that more offerings would expand the market.
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