Sports betting a big hit in New Jersey
ATLANTIC CITY, N.J. (AP):
Figures released yesterday by the state Division of Gaming Enforcement show New Jersey's casino and racetrack-based sports books took in over $330 million worth of bets in November.
Since sports betting began in mid-June, gamblers in the state have plunked down $928 million on sports events.
Jeff Gural, who runs the Meadowlands Racetrack in East Rutherford, near New York City, isn't surprised at how quickly the market is growing.
"I was there Sunday, and the place was packed," he said. "So many of those games went right down to the last-minute. It was really exciting."
He expects the track's sports book will do even better once self-serve betting kiosks are installed around New Year's Day to increase the number of betting portals.
FanDuel, which runs the Meadowlands sports book, called November "a history-making month" in which it doubled its revenue from the previous month.
New Jersey is at least putting itself in the same conversation as Nevada when it comes to sports betting. Nevada, which has offered legal sports betting for years, took in $1.8 billion worth of sports bets from mid-June through the end of October. For Delaware, that figure was $54.4 million.
New Jersey won a U.S. Supreme Court case in May clearing the way for all 50 states to offer legal sports betting should they chose to do so.