- Since sports betting launched in New Jersey 10 months ago, the state has seen more than 2.3 billion dollars wagered on sports.
- On Average, more than 80 percent of New Jersey’s sports bets come from mobile devices.
- New Jersey Governor Phil Murphy announced his projections shortly after speaking at the Betting on Sports America Conference.
SECAUCUS, N.J. – Those in attendance at the Betting on Sports America Conference earlier this week had the opportunity to hear New Jersey Governor Phil Murphy speak on behalf of the state’s current success and potential in regards to its sports betting market.
However, if you weren’t able to make the trip, Governor Murphy let the world know how he feels about sports betting in the Garden State via Twitter.
“The sports wagering industry will create 6,000 new jobs in New Jersey by 2020. We’re the second largest sports betting market in the country, and my goal is to soon be number one,” wrote Governor Murphy.
As of now, his aspirations to make N.J. the top sports wagering destination can be attained. Sportsbooks in the state have been active in the state for 10 months now and more are still continuing to open in retail locations and through mobile devices.
In that time frame the state has received more than 2.3 billion dollars in total wagers placed. Nevada, the nation’s largest sports betting market, took in more than 5 billion dollars worth of total sports wagers last year.
The current advantages that New Jersey holds are the fact that it’s population is about three times the size of Nevada, there are plenty of mobile sports betting apps available, and neighboring states such as New York, Pennsylvania, and Delaware have yet to unveil any mobile sports wagering platforms of their own.
With cities such as Philadelphia and New York City so close to the Garden State, a large pool of sports fans are within driving distance to be able to place bets from their smartphones.
However, online Pennsylvania sports betting is expected to go live within the next few weeks. And while New York will have to wait to launch mobile sports betting due to a need for a voter referendum to occur, the state may possibly do so by the end of 2020.
According to the New Jersey Division of Gaming Enforcement, 80% of New Jersey’s total sports bets occur on average through mobile devices.
If neighboring states are able to provide the same type of sports betting platforms, New Jersey may not be able to compete with Nevada, which currently has no competitors out West.
But, if the status quo remains, New Jersey sports betting will continue to grow to new heights.
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News tags: Nevada sports betting | New Jersey | New Jersey sports betting
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.
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