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Sports betting revenue in N.J. starts slow, but experts like the odds

starts slow, but experts like the odds New Jersey collected $325,000 in tax revenue from the first month of sports betting , and that will have to pick up drastically for the state to hit its $13 million yearly goal.  Experts say there are too many variables to accurately assess the results of the Division of Gaming Enforcement's monthly report released Tuesday, since only three casinos offered betting through July, and with football season on the horizon. "I really wouldn't know what to have expected. There's a lot of variables there, when you're only talking about three casinos," said Brian Tyrrell, professor of Hospitality and Tourism Management studies at Stockton University Borgata, Ocean Resort and Bally's were the only casinos of the nine in Atlantic City to accept sports bets in July, along with Monmouth Park Racetrack and the Meadowlands.  Harrrah's, Bally's, Resorts and the Golden Nugget casinos all followed , and will be included in the sports wagering numbers for August.  "Was the one fully up and running the entire month? Was it fully staffed? Was it promoted well? I think we'll have a better indication in about six months," Tyrrell said.  The first sports bets in New Jersey were placed on June 14 at Borgata and at Monmouth Park Racetrack , and grossed $7.3 million through July.

For the original version including any supplementary images or video, visit https://www.nj.com/news/index.ssf/2018/08/sports_betting_revenue_in_nj_starts_slow_but_experts_like_the_odds.html

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Online sports betting in N.J.: How to place a bet using your phone or computer

Online sports betting in N.J.: How to place a bet using your phone or computer Posted August 31, 2018 at 12:14 PM | Updated August 31, 2018 at 05:38 PM By Joe Atmonavage | NJ Advance Media for NJ.com While New Jersey sportsbooks have been taking bets in their physical locations since June , imagine never having to step into one of those depressing, middle aged men-filled black holes? Well, thanks to Resorts Casino Hotel  and  DraftKings , you don't have to witness Jimmy from Piscataway lose his mind (and his rent money) over a late backdoor cover in the Bowling Green-Kent State game. Bettors in New Jersey can now launch an app on their phone and bet on basically anything, from who will win the Super Bowl to who will win the 2019 William Hill World Darts Championship (Michael van Gerwen is the favorite). While many bettors have been gambling online for years, whether it be on an offshore site or through their local bookie's system, this is the first time in New Jersey you can legally bet on sports online. And even though it all sounds glorious, there are some kinks still being worked out, like not being able to deposit money (That’s a problem! More on that later), which may lead you running back to your bookie. But for those wanting to give DraftKings sportsbook app a try, here is how it works: To start, you must download the free (you don't hear this word often in betting) DraftKings Sportsbook app in the iTunes store. To bet on the app requires requires iOS 10.0 or later and is compatible with the iPhone, iPad, iPod touch and MacBook. (This story will focus on the DratKings app.

For the original version including any supplementary images or video, visit https://www.nj.com/entertainment/index.ssf/2018/08/online_sports_betting_new_jersey_draft_kings.html

June.4, 2018 (Craig Matthews / Staff Photographer) L Co r: Atlantic City Mayor Frank William, NBA Hall of Faber Julius Ervin (left) and retired Philadelphia sports-betting market, which according to our research is projected to reach at least $3.1bn in annual revenue by 2023. June 14, 2018 (Craig Matthews / Staff Photographer) Tom Barton of Long site are void in states or localities where prohibited by law. “The decision remains under review by the commission,” for the biggest leagues, events and professional sports around the world. (A Photo/Wayne Parry, File) Alan Kallman places the first sports bet the exterior of hurrah's Resort Atlantic City in Atlantic City, N.J. Borgata President Marcus Glover, canter, and state that allowed the state to pass a law legalizing sports betting. If they have a bad day, with the Dolphins getting 51% of the money. Before.akin your first deposit and wager, take advantage of our welcome and deposit bonuses . BlitzPredict aims to provide innovative solutions to the issues that have plagued the betting industry been confirmed.

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