Gambling in the USA
New Jersey Sportsbooks to Surpass Nevada Again
Online sports betting in New Jersey has continued to dominate the state’s landscape in July. This appears like New Jersey’s sportsbooks are ready to surpass Nevada again. Online sportsbooks in NJ have accepted $2.6 billion in wagers in 12 months (75% of the state’s handle).
“Online sports betting is clearly the driving force in New Jersey’s sports betting market, and definitely more so than what has historically been the case in Nevada. In fact, the online product in New Jersey is the key difference that has the state competing with Nevada as the country’s most lucrative legal sports betting jurisdiction,” Dustin Gouker, lead sports betting analyst for PlayNJ.com said.
In July, New Jersey’s sportsbooks generated $251.3 million handle, down 8% from $273.2 million in June 2019. The handle is greater than in any July in Nevada’s history. In New Jersey, it yielded $17.8 million in revenue, up 365% from $3.8 million in July 2018 and up 84% from $9.7 million in June.
“If there is any trouble on the horizon for New Jersey, it’s the launch and expansion of online sportsbooks in Pennsylvania. So far, New Jersey has proven resilient in the face of competition from its neighboring state. But with football season kicking off in August, Pennsylvania’s effect on New Jersey will be interesting,” Gouker added.
FanDuel Sportsbook/PointsBet continues to lead the online market, generating $7.3 million in gross revenue in July, up from $2.7 million in June.
“FanDuel’s ascension to the market lead in both the online and retail market shows the power of the online marketplace and name recognition. This has been the primary advantage for both FanDuel and DraftKings,” Gouker said.
Online casinos and poker industry generated a record $39.3 million in July gross revenue, 52% up from $25.9 million in July 2018.
“Online casino games have received a boost from the proliferation of online sports betting in New Jersey. Together they have helped accelerate the development of both industries, even while the retail market has made gains,” Eric Ramsey, online gambling analyst for PlayNJ.com said.
Gambling in the USA
Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest
Gambling in the USA
Spinomenal makes US debut with New Jersey market entry
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
Gambling in the USA
Mechoopda Casino to Suspend Operations Effective January 31, 2025
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casino’s operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: “Suspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.”
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
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