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New Jersey Sports Betting Shows February Strength, According to PlayNJ.com Analysts

George Miller

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New Jersey Sports Betting Shows February Strength, According to PlayNJ.com Analysts
Photo Source: app.com
Reading Time: 2 minutes

 

New Jersey’s sportsbooks took in more than $320 million in February bets, generating strong monthly revenue despite a short month and a predictable post-Super Bowl lull. In all, New Jersey’s online and retail sportsbooks netted $12.7 million in revenue on $320.4 million in sports bets, down 16.8 percent from a record $385.3 million wagered in January.

The February handle works out to $46 per adult resident of New Jersey, significantly larger than any other legal sports jurisdiction, other than Nevada.

“Because of the strength of New Jersey’s online product, in-play betting during the Super Bowl was significantly stronger in New Jersey than in other legal markets,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “In addition, New Jersey’s sportsbooks saw significant action on other sports, particularly on college basketball and the NBA. It adds up to another very good month for New Jersey even after a somewhat disappointing Super Bowl handle.”

New Jersey’s online sportsbook brands accounted for $258.9 million, or 80.8 percent, of total bets in January, according to official reporting. The state’s retail sportsbooks made up the remaining 20.2 percent. That compares to 79.2 percent of total bets flowing through online sportsbooks in January.

New Jersey’s sports betting market is less driven by major events than in Nevada, and February’s numbers bear that out,” Gouker said. “The market’s consistency will eventually help New Jersey overtake Nevada as the largest legal sports betting market in the U.S., which is now more a question of when rather than if.”

FanDuel Sportsbook/Pointsbet overtook DraftKings Sportsbook as the state’s dominant online sportsbook with $6.6 million in February gross revenue, up from $5.9 million in January. DraftKings Sportsbook fueled Resorts’ $3.7 million in February online gross revenue, down 46 percent from $6.9 million in January.

FanDuel Sportsbook at The Meadowlands continues to dominate the retail market, posting $1.5 million in February gross revenue, up from $1.2 million in January. FanDuel was followed by Resorts AC’s $142,846.

“DraftKings and FanDuel show few signs of relinquishing their top spots,” Gouker said. “But with football now over, it will be interesting to see if a change in focus to college basketball and Major League Baseball alters the dynamic in the coming months.”

LEGAL ONLINE CASINOS

A month after crossing the $30 million threshold for monthly revenue for the first time, legal online gambling generated $31.8 million in February, up 44 percent from $21.99 million in February 2018. Though monthly revenue was down from a record $33.6 million in January, the industry generated $1.1 million per day in the 28 days of February, even with the 31 days in January.

New Jersey’s online casinos are among the biggest beneficiaries of legalized sports betting,” said Steve Ruddock, lead online gambling analyst for PlayNJ.com. “Online casino revenue has grown by at least 25 percent in seven of the eight months since online sportsbooks made their first appearance in the Garden State. It would not be surprising if the industry hits $40 million in monthly revenue at some point before 2019 has ended.”

 

About the PlayUSA.com Network:
The PlayUSA.com Network and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.

 

Source: PlayNJ.com

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

MGM Resorts International & Major League Soccer Announce Multi-Year Gaming Partnership

George Miller

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MGM Resorts International & Major League Soccer Announce Multi-Year Gaming Partnership
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MLS announced a multi-year strategic partnership with MGM Resorts International, an historic joint venture that makes MGM Resorts the league’s first official gaming partner.

As part of the deal, Roar Digital, a joint venture between MGM and GVC, becomes the exclusive official sports betting partner of MLS.

The landmark deal provides MGM Resorts and Roar access to enhanced MLS data for fans and sports betting customers and includes television-visible signage for all 100-plus nationally-broadcast MLS games and unique MLS-themed promotions and sweepstakes. The groups will also work together to develop an exclusive “Free to Play” game for fans.

In addition, MGM Resorts and MLS will collaborate on bringing world-class soccer events and other experiences to fans in Las Vegas.

“Major League Soccer is proud to partner with MGM Resorts to bring existing and new fans close to our sport in innovative and immersive ways,” said MLS Commissioner Don Garber in a statement. “MGM Resorts is a leader in sports betting, and they recognize the progress of our league and the growth of the sport in the United States and Canada. Together, we will deliver cutting-edge data and analytics to MLS fans, and fan engagement will be the driving force behind every initiative in our partnership.”

As part of the agreement, both organizations will work together to protect the integrity of MLS matches. Access to MGM Resorts’ responsible gambling program, GameSense, is available at www.mgmresorts.com/gamesense.

 

ABOUT MLS:
Headquartered in New York City, Major League Soccer features 27 clubs throughout the United States and Canada, including future expansion teams in Nashville, Miami and Austin. The League plans to have 28 clubs in the coming years.

ABOUT MGM RESORTS INTERNATIONAL:
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company acquired the operations of Empire City Casino in New York in 2019, and in 2018, opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The over 82,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®.

ABOUT ROAR DIGITAL:
Roar Digital LLC is the US sports betting and online gaming venture, owned by MGM Resorts International (NYSE: MGM) and GVC Holdings Plc (LSE: GVC). Based in New Jersey, the venture was established in July 2018 to create a world-class sports betting and online gaming platform in the United States, in order to take advantage of the new opportunities created by the U.S. Supreme Court’s decision to overturn the U.S. federal Professional and Amateur Sports Protection Act (PASPA). Utilizing GVC’s US-licensed, state-of-the-art proprietary technology platform, Roar Digital offers sports betting and online gaming via market leading brands including playMGM and partypoker. The venture will have exclusive access to MGM’s U.S. land-based and online sports betting, major tournament poker, and online gaming businesses.

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Gambling in the USA

National Council on Problem Gambling Publishes NGAGE Research

George Miller

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National Council on Problem Gambling Publishes NGAGE Research
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The National Council on Problem Gambling (NCPG), the advocacy organization for people and their families who are affected by problem gambling and gambling addiction, has announced the publication of the results from their groundbreaking National Survey of Gambling Attitudes and Gambling Experiences (NGAGE).

This past November, thanks to the support of GVC Holdings, NCPG commissioned Ipsos, a global market research and consulting firm, to conduct a U.S. national consumer study to examine the experiences with various forms of gambling as well as attitudes about gambling among participants in the study. The survey included 3,000 participants from across the U.S. and the results provide an overview of both national and state-by-state gambling participation and problem gambling trends.

“NGAGE is a big initiative for NCPG and will provide important baseline data as gambling, especially sports betting, continues in the U.S. In analyzing the data, we hope to better understand problem gambling and people’s attitudes toward it. The data will be a critical tool for advocates, industry and legislators as they consider state-by-state sports betting initiatives, providing evidence to illuminate patterns of past behaviors as they consider possible future impacts,” said Keith Whyte, Executive Director of NCPG. “We also expect that the data will bolster our efforts to gain support for better access to treatment and services for those affected by problem gambling and gambling addiction.”

The study includes questions on gambling participation, emphasis on sports betting and fantasy sports betting, problematic behavior and positive play, as well as beliefs and opinions about problem gambling.

Initial findings show that the vast majority of Americans support responsible gambling measures. When asked about responsible gambling requirements if their state was to legalize sports betting, 63% felt it was important for operators to implement such measures. By a 2 to 1 margin, clear majorities also believe it is important to set aside some revenues for treatment and for public awareness campaigns.

“We’ve learned that almost three quarters of the American public likes to gamble every now and then and that most do so responsibly. However, there are a small but significant number who are indulging in risky practices or who don’t understand how gambling works,” said Don Feeney, Gambling Policy Consultant for National Council on Problem Gambling and President of Northstar Problem Gambling Alliance. “As we continue to analyze the data we anticipate learning more about these people and how we can help reduce their risks.”

For additional insights on problem gambling, please visit www.ncpgsurvey.org.

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Gambling in the USA

The United Soccer League and Sportradar Announce Official U.S. Partnership

George Miller

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The United Soccer League and Sportradar Announce Official U.S. Partnership
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The United Soccer League and Sportradar, the global leader in sports data intelligence, announced an official integrity services partnership.

Sportradar will be monitoring and analyzing USL competitions via its award-winning fraud detection system and providing the USL with educational solutions, as well as access to its intelligence and investigations services. In addition, Sportradar will utilize its vast global integrity expertise to carry out a comprehensive integrity audit for USL to assist the league in installing an effective and comprehensive integrity program.

“There is nothing more important than protecting the overall integrity of our League,” said USL Senior Vice President Lizzie Seedhouse. “We have to stay vigilant in the ways we protect our players and teams, and in the ever-changing landscape of sports betting in the United States, education for all those with access to influence the game is paramount.”

Core to the educational component, USL competition players, match officials and team staff will have access to educational solutions in English and Spanish on the nature and risks of match-fixing and sports manipulation. The various education sessions will also educate USL stakeholders on relevant policies related to betting and game manipulation, and the risks and consequences of involvement with match-fixing or other betting-related rules violations, among other topics.

“We are honored and excited to partner with USL and look forward to supporting them in installing a best-in-class integrity program,” said Andy Cunningham, Director, Global Strategy of Integrity Services at Sportradar. “They have shown a strong commitment to upholding the integrity of their competitions and protecting their stakeholders.”

In addition to providing integrity services for USL, Sportradar will also be licensing USL Championship matches – with an option to add on League One matches as well – for its global audio/visual sports betting business. An industry leader, Sportradar has recently signed sport betting related partnerships with other prominent sports leagues.

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