New Jersey Bets $16 Million on Sports in First Two Weeks

This story was published more than 2 years ago.

Sportsbetting has already proven to be a lucrative proposition for the state of New Jersey, as the state's Divison of Gaming Enforcement reported that $16 million was wagered on the activity in the first two weeks that it was available.

The first bet took place at Monmouth Park on June 14th and was joined by the Borgata the same day. Other casino properties followed suite shortly thereafter, with the activity proving to be popular among visitors. William Hill oversees the Borgata, Monmouth Park, and Ocean Resort books, with $987,000, $2.3 million, and $193,000 from each respective property being brought in as revenue during the period.

The state claims casino win of $3.4 million during that time, although this number is being scrutinized as many future bets are being treated as revenue at this point and have not paid out.

The Meadowlands Racetrack near the border with New York is set to launch their sportsbook this weekend, providing a lucrative opportunity for the industry to continue growing, as it provides ease of access to millions of potential bettors.

Commenting on the performance William Hill US CEO Joe Asher said, "While it's still early, we're obviously off to a great start. We always knew there was a big appetite for legal sports betting during the years of litigation, and now it is being proven.

"We are proud to be creating new jobs in New Jersey and bringing excitement to our customers. We can't wait until football season."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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17 July 2018 - 8:17pm
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All the numbers looks great and it's no wonder really, I guess in the next months those would only go up and I wouldn't s be surprised if during the time NJ tourists and visitors increase in numbers too, so there should be a more than one way of state treasury to be fulfilled.