NJ Handle

#1
new jersey 1,952,955,469 as of march 15, 2019
First sportsbook opened june 14, 2018
first online sportsbook opened august 6, 2018
 
#9
meanwhile NJ governor murphy at the sports betting trade show at the meadowlands. says NJ will top vegas by 2020. in sports betting handle.


his prediction will be off unless maybe if the exchange NJ is getting is like matchbook ???


right now the gov. has a losing ticket
 
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#10
NJ Handle month of April

313 million

21 million revenue

81 % bets from Online


25% bettors @ Fan Duel from NY
 
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#15
the books are good enough to bet in NJ. Sometimes the lines are better than offshore but most of the time they are not. Offshore has the openers 99% of the time. A combination of legal and offshore is the best of both worlds.

hard to say what type of bettors are in NJ.. I would say after 1 year of betting NJ probably has run into some bettors that are hard to beat .
 
#16
New jersey has taken in 2.9 billion in handle in about a year. A better number will be in sept 2018 - sept 2019 . Which would be online to online.
 

John Kelly

Born Gambler
Staff member
#17
Here comes New Jersey...

Makes sense.

More than 150 million people live in the Eastern time zone, three times the amount of people who live in the Pacific time zone.
 
#19
Nevada sportsbooks are pretty dead May thru August.

JK, remember when the Paris sportsbook closed down for the summer and referred bettors to Bally's next door?
 
#20
Nevada handle is still about +1.5 billion to +1.9 per year more than NJ by time sept rolls around. I would think California/Az bettors have a bigger handle than NY coming over state lines. Also nobody flies to NJ to play compared to flying to Vegas. Revisit in 5 years.
 
#22
depends on the sport. NFL sugarhouse day of game is -107 both sides . NFL money lines could be cheaper at fan duel and draftkings
Resorts has some selected games on the top of schedule with the NFL & NBA at -105
It is good to check all the prices in NJ to see how they compare to offshore. Draftkings is the only place you have to join to see their lines besides in A.C.. The other books you can go to the sites.

There is an exchange coming to NJ at the end of 2019 . They claim they will be better than matchbook. Will have to wait and see on that.
 
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#24
NJ - Handle - month of June 273 million it looks like NJ took a little dip from May to June . Fan Duel took in 4.4 million in revenue. It helps being 8 miles away from midtown NYC
 
#27
NV would do a lot better if they didn't have stupid sign up rules for mobile and let you use credit cards like NJ does for deposit. I don't think people realize how big the gap is between the two states. Add in the insane sign up and ongoing bonuses in NJ and it's no shock it's passed NV so quickly.
 
#28
I think the other states have more people than NJ. so the mobile should be bigger if done the same way. Pa just getting off the ground now. If California gets mobile it could hurt Nevada pretty good. NJ has a good set up where most of the books are in 1 city near the ocean. NJ a big player for sure being next to NYC. NJ has 14 books but when you break down the odds makers there really is only about 7. Others will join within the next 2 months. There are some big independent ones like Bet365 CG Tech, Wynn. The question marks are The Score, foxbet ,, Unibet and where is the Superbook ( westgate )going???
 
#30
I think the other states have more people than NJ. so the mobile should be bigger if done the same way. Pa just getting off the ground now. If California gets mobile it could hurt Nevada pretty good. NJ has a good set up where most of the books are in 1 city near the ocean. NJ a big player for sure being next to NYC. NJ has 14 books but when you break down the odds makers there really is only about 7. Others will join within the next 2 months. There are some big independent ones like Bet365 CG Tech, Wynn. The question marks are The Score, foxbet ,, Unibet and where is the Superbook ( westgate )going???
Agree on the population driving it all, but I don't get this nonsense some have about a dollar in a new state is a dollar out of Nevada. Such a fallacy, even if CA got it. People don't have that choice in a state by state market. Now if it's NJ vs NY or NJ vs PA that's a legitimate competition.
 
#32
Nevada handle is 1.5 - 2x larger than NJ. Nevada a better place to be a bettor right now too. NJ does not have as many odds makers. NJ will pick up a few more probably before football and will close the gap on odds makers.
 
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