sports betting to catapult New Jersey over Nevada, Canada missing
For years –
far more years than the United States PASPA law had any impact –
Nevada was the leading sportsbook operator in the nation. No
jurisdiction came anywhere close to processing so many sporting bets
as The Silver State. But now, with PASPA gone and technology
phenomenal more superior than when it was enacted in 1992, Nevada may
find its old-school ways are selling the state’s casinos short.
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New Jersey began
welcoming sports bettors within 24 hours of PASPA’s repeal, so
prepared were they for the adaptation. Evidence
from data sources and expert analysts predicts they’re not just
seeing early success. They’re set to take the lead in North American
It’s not New
Jersey’s preponderant residency that’s securing their upcoming
leadership in sports related wagering. Although it’s true The Garden
State is home to approximately 3x the population of Nevada, let’s
remember that, in terms of gambling-related tourism, Nevada reigns
supreme. Las Vegas wrangled in some 42.9 million tourists in 2016,
compared to Atlantic City’s 24.4 million.
So what does New
Jersey have that Nevada doesn’t? One simple thing… online sports
Mobile Sports Betting to Catapult NJ Over NV
New Jersey was
among the first to embrace online gambling regulation when the
Department of Justice reversed its opinion that the Wire Act
federally prohibited such activities. Last year, they were very first
in line to embrace both live and online sports betting. Nevada,
however, has partially resisted the iGaming movement since 2013, when
the state chose to protect its land-based casinos and sportsbooks by
only regulating online poker.
online sports bets may only be placed by punters who are physically
located on the property where the sportsbook is situated. If you want
to bet at the Bellagio, you must be in the Bellagio to do it on a
New Jersey took
the statewide path. Anyone (of adult age) physically located within
its borders can access the state’s multitude of online casinos,
online poker rooms, and of course, online sportsbooks.
In January alone
– the 7th full month of legal sports wagering in The
Garden State – New Jersey sportsbooks took in $142 million in live
sports bets at casinos and racetracks. Online and mobile sports
wagering accounted for $564 million. Moreover, for every $5 wagered
online that month, $4 was wagered on sports. All told, New Jersey’s
sports wagering intake amounted to 77% of Nevada’s.
analyst Dustin Gouker believes New Jersey has plenty of room left to
grow. “The market’s consistency will eventually help New Jersey
overtake Nevada as the largest legal sports betting market in the
U.S.,” he predicts.
Canada Still Twiddling Its Thumbs…
While New Jersey
flexes its muscles and sticks out its proverbial tongue at Nevada,
here sits Canada, like a bored child, kicking its feet idly, hoping
for the day when he too can participate in legal single-event sports
betting. For now, unfavorable sports lottery parlays are all we’ve
Small moves are
being made. Lobbying to alter federal law is happening. Even the
sports leagues have submitted their support. The tremors are being
felt from the provincial to federal level, but until the government
stops twiddling its thumbs and starts scripting legislation, we will
continue to be a nation that turns to offshore online and mobile
sports betting operations to get our fix.
And that, my
friends, is the ingredient that just might scare Canadian lawmakers
into action sooner than later; the reality that so much revenue is
flowing offshore, rather than falling back into provincial tax
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