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Money In The Meadowlands: $1 Million Wagered At FanDuel Sportsbook Launch

Meadowlands sports betting It’s fruitless to draw serious conclusions from two days of action in a brand new market. The NJ sports betting industry is only partially formed, and the sample size is too small to be relevant. Only four retail sportsbooks are accepting in-person wagers so far. As far as that partially formed industry goes, the NJ Division of Gaming Enforcement recently released its June report covering the first 17 days of legal sports betting. The three reporting sportsbooks combined for about $16 million in total wagers — so around $1 million per day. Monmouth Park is the early front-runner, responsible for about half of the total betting handle and two-thirds of revenue. Prior to this weekend, the track in Oceanport provided the nearest legal option for residents of http://livebettingvsb.envision-web.com neighboring states. Numbers will continue to climb as new operators join the market and online/mobile platforms roll out in the coming months. Electronic wagering figures to constitute the majority of the industry as the market matures. A look at the calendar helps frame the numbers a little better, too. Meadowlands’ launch happened to coincide with one of the slowest weekends of the entire sporting year.

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