It was in 2013 when online gambling was first launched in New Jersey. Afterward, the state already enjoyed exceptional success and growth for online gambling. And, by the year 2018, the gambling industry jumped to a higher level with the inclusion of sports betting legalization.
Sports betting legalization in New Jersey put the Garden State into the industry’s limelight when online gaming is concerned.
Based on the report of Legal Sports, no other state has ever handled more revenue than them since June 2018. With a total of $1.01 billion in sports betting in the month of September, New Jersey became the first state to break the record that sets itself in December of last year.
New Jersey’s Online Betting Regional Expansion
The so-called regional monopoly in New Jersey is ever-changing. This is due to the fact that more and more states are moving in order to legalize online sports betting. New Jersey has big players in the industry including DraftKings and FanDuel. What’s more exciting is that there are more small players that will be coming into the market.
Online betting expansion in New Jersey is really promising. Even though there is a ban on in-state college betting, the online gambling industry in New Jersey will remain strong.