Gambling in the USA
PointsBet obtains New Jersey approval

New Jersey’s Division of Gaming Enforcement (DGE) has approved PointsBet, an Australian company that offers an innovative form of sports betting.
The Australian company will function in association with the Meadowlands Racetrack on a “soft play” basis.
PointsBet follows a different system of payouts calculation. Basically, payouts vary, not a constant amount. For example, if you bet $10 and correctly predict the over in an NBA game, you will receive $10 for every point over the total. Conversely, you will lose $10 for every point under the total in a losing bet.
“The more your bet wins by, the more you win,” the company’s website – which has already been updated to include Tuesday’s news – reads.
“PointsBet is New Jersey’s first specialist PointsBetting provider,” the website says, with a picture of local New York Jets legend Darrelle Revis pictured as brand’s ambassador.
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