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Sports Wagering Is Taking a Bite out of Black-Market Betting in NJ

Legal sports betting in New Jersey is going like gangbusters since the first bet was placed in June. The newest location opened yesterday

Giants Hall of Famer Harry Carson cut the ribbon yesterday to open the newest legal sports wagering location in New Jersey, DraftKings Sportsbook at Resorts in Atlantic City.

The plush venue with wall-to-wall TV screens is an easy draw, according to one patron. “You don’t have to worry about looking over your shoulder. You don’t have to worry about illegal betting,” said Robert Ryan.

Since the first legal sports bet in New Jersey was placed at Monmouth Park in June, gamblers here have wagered $597 million on sports through October, generating $52 million in revenue for operators and $5.5 million in taxes for the state.

Dustin Gouker, managing editor of LegalSportsReport.com and PlayNJ.com, said, “There’s a huge market out there that’s been untapped, that wants a legal sports betting option.”

“Last month there was more than a quarter of a billion dollars in total wagers. That’s already halfway to what we usually see in a busy month in Nevada,” he said, adding, “I think we expect to see New Jersey eventually surpass Nevada.”

Read the full story on NJTV News Online, a content partner of NJ Spotlight.

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