New Jersey sports books set another record for sports betting handle in October

M

MrTop

EOG Master
hitting $803 million in total wagers

a lot of hidden money in NJ. Starting to come out with the flu-19
 
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railbird

railbird

EOG Master
boring stat from a boring poster. i would be interested in break down of pro vs am money here tho. parlay money vs straight wager and or ingame money
 
M

MrTop

EOG Master
NEW JERSEY stepping up their game... some places like bet365 and fan duel paying overnight WOW !
 
C

ComptrBob

EOG Master
Pennsylvania close behind, just finished their 2nd year of operation.:

Pennsylvania’s sports betting market continues to outdo itself. Sportsbook operators combined to post a record-breaking $525.8 million handle in October. PA joins Nevada and New Jersey as the third state to surpass the $500 million mark for monthly sports betting handle.
 
WildBill

WildBill

2
ComptrBob said:
Pennsylvania close behind, just finished their 2nd year of operation.:

Pennsylvania’s sports betting market continues to outdo itself. Sportsbook operators combined to post a record-breaking $525.8 million handle in October. PA joins Nevada and New Jersey as the third state to surpass the $500 million mark for monthly sports betting handle.
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PA should get real close to them next year with Barstool joining the fray and the existing guys competing harder every month. Everyone thought PA was always going to underperform long term due to the tax rate, but they all realized profit is profit even if you have to share more with the government.

Michigan should do quite well, tons of operator diversity with all the tribes having licenses too should get every big operator in along with the carrot of online casino being allowed.
 
M

MrTop

EOG Master
WildBill said:
PA should get real close to them next year with Barstool joining the fray and the existing guys competing harder every month. Everyone thought PA was always going to underperform long term due to the tax rate, but they all realized profit is profit even if you have to share more with the government.

Michigan should do quite well, tons of operator diversity with all the tribes having licenses too should get every big operator in along with the carrot of online casino being allowed.
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Pa has more people than NJ ...they should do as good as NJ or even beat them. NJ getting help from manhattan....Fan duel CEO already said it. If done right California should beat everyone at the end.
 
WildBill

WildBill

2
MrTop said:
Pa has more people than NJ ...they should do as good as NJ or even beat them. NJ getting help from manhattan....Fan duel CEO already said it. If done right California should beat everyone at the end.
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There really isn't a competition though. I don't get why all these writers act like its a race. When you have to bet intrastate its not like you are choosing one or the other. Even if you lived in Philly and had the choice to go across the river, I wouldn't really think of that as a competitive situation because the books are mostly the same on both sides.
 
M

MrTop

EOG Master
WildBill said:
There really isn't a competition though. I don't get why all these writers act like its a race. When you have to bet intrastate its not like you are choosing one or the other. Even if you lived in Philly and had the choice to go across the river, I wouldn't really think of that as a competitive situation because the books are mostly the same on both sides.
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population and access to bettors says it all
 
J

Jammer

EOG Dedicated
LCA- soon to be GNOG (Golden Nugget Online Gaming), and DMYT, soon to be RSI (Rush Street Interactive), are taking off. Probably not too late to get on board.
 
M

MrTop

EOG Master
Innovative Financial Exchange May Enable Sportsbook Operators To Hedge Risk, Limit Volatility


Proposed sporting-event contracts could lead to federally-approved derivatives market for sports betting
 
WildBill

WildBill

2
MrTop said:
Innovative Financial Exchange May Enable Sportsbook Operators To Hedge Risk, Limit Volatility


Proposed sporting-event contracts could lead to federally-approved derivatives market for sports betting
Click to expand...

Like literally common sense. Just like the offshores for a long time have quietly operated lay off channels with preferred pricing, books should be able to do the same. It would improve the pricing in some cases, but if you are part of a syndicate who gets access to lots of options in different states, then it cuts down on some of their opportunities.
 
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