Atlantic City , New Jersey pulls from the NY/NJ metro area and is even closer to Philadelphia , Pa…..Vegas sits in the desert….
It’s been little more than a year since the Garden State legalized sports betting, but the home of the Sopranos and Bruce Springsteen is already poised to overtake Nevada as the sports betting capital of the US, experts say.
New York’s neighbor west of the Hudson River is slated to take the crown from Nevada as soon as this year — thanks to the NFL, according to Alex Kostin, founder of AmericanGambler.com, a sports betting community and website devoted to legalized gambling data.
That’s because the NFL’s new season, which kicks off Thursday, will open the floodgates of sports bettors flocking from New York City and Philadelphia to close what has been a fast-narrowing gap in total wagers, Kostin told The Post.
NJ’s total sports gambling handle during last year’s season from September through January was $1.5 billion — despite the fact that sports betting had only become legal in the state last June.
Nevada’s, meanwhile, was $2.7 billion — a total that doesn’t look so impressive by comparison, considering that on-site sports betting has been legal in Nevada since 1949 — and online since 2010….
…it only took 11 months for New Jersey to overtake Nevada’s sportsbook wagerson a monthly basis when it booked $318.9 million worth of sports bets in May, versus $318.3 million for Nevada. NJ did it again in July, with sports bets that month coming in at $251 million, versus $235 million for Nevada.
Kostin expects New Jersey to widen its lead throughout the NFL’s 2019-20 season — thanks largely to NJ now having more than double the online sports betting sites it did last year.