Sports betting has been legalized for about a month now in New Jersey, with several options for wagering on offer in the state.
In mid-May, the opportunity to offer sports betting became a reality in the United States. The US Supreme Court decided to strike down PASPA, which now opens up each state to legalizing sports betting. New Jersey saw sports betting legalized on June 11th as Governor Phil Murphy signed a bill into law. While sports betting is in full swing at certain venues, online gaming has yet to begin. A 30-day time frame had to be completed before online gaming could begin.
This week, that waiting period ends so sportsbooks will have the option to begin offering online gaming as of now. Race tracks and casinos will be able to have three skins for each physical sportsbook, whether the book is in operation or being constructed.
So, what’s on offer via sports betting in New Jersey? Let’s take a look at what you can find when visiting New Jersey to take part in sports wagering.
The First to Begin: Monmouth Park
The first venue to begin offering sports betting in New Jersey is Monmouth Park. For years now, the race track has tried to see sports betting become a reality in the state. The venue needed something to help their facility stay afloat, even trying to see casino gaming coming to the northern region of the state to no avail.
In 2013, Monmouth Park was able to create a partnership with William Hill and now that partnership has helped the venue to begin offering legalized sports wagering. The UK based bookmaker has helped the venue to provide a boosted sports betting option, with players already taking part in wagering.
Since Monmouth is working with William Hill, it is expected that the provider will be launching an online gaming app or site now that the option is available. It will be interesting to see just how long it takes Monmouth Park to get the ball rolling with online sports betting.
On June 14th, the Borgata Casino opened their sportsbook. The casino decided to use their racebook as a temporary space for sports betting in New Jersey. Last year, it was announced that the owner of the casino, MGM, has plans to spend as much as $7 million to create a new sportsbook. However, there has yet to be any announcement as to when the project will get started.
A Second William Hill Partner
William Hill has been quite busy gaining partners for sports betting in New Jersey. The brand has also partnered with Ocean Resort Casino for sportsbook gaming. When the new casino opened on June 28th, they were ready with a William Hill branded sportsbook along with their casino gaming options.
The physical sportsbook is open within this venue, though it is still under construction. Players can place wagers while enjoying a tour of the brand new facility.
What’s To Come
Now that online sports betting can begin, we should see an influx of operators beginning to offer online services. The operators who already focus their efforts on online casino and poker gaming have been able to earn solid revenues. With sports betting added in, the online gaming industry as a whole should see a nice increase in their already high profit margins.
It will be interesting to see who gets started first and just how much online sports betting can bring to the online gambling landscape in the state of New Jersey.