Online sports betting has gained much of attention from the gamblers and punters all across the world and making it legal by several countries has added more value to it. The 2018 was a bit special for New Jersey (NJ) as the much-awaited decision was made and sports betting was now legal in the state. It has been over a year and the NJ sports betting has turned into a complete new booming industry with the racetracks and casinos getting to work day and night to introduce online and physical sportsbooks in the Garden State.
Online sports betting in NJ is flourishing rapidly with around 16 sites taking your bets. And to no surprise, several of these online sportsbooks in the state present appealing promo codes and bonuses for signing up—and this just a tiny fraction of what makes each exclusive. DraftKings was the foremost to introduce its app in this space with new sportsbooks joining the suite rather quick. Overall, the number of online and land-based sportsbooks has reached 26 now. Retail sports betting is offered by 8 of the 9 Atlantic City casinos together with Meadowlands Racetrack and Monmouth Park. For the moment, NJ has become home to 17 online sportsbooks. A range of sports, odds, and promotions are being offered by every sportsbook in NJ—all regulated by the DGE (Division of Gaming Enforcement), implying it to be is legal, secure & safe.
The upward going graph of the online betting industry in NJ
Soon, the industry was reaching heights with inclusion of mobile sports betting providing the handiness of betting without the trouble of stepping out of your home. One can download the NJ sportsbook apps on their Android and iOS devices, the only condition is you should be older than 21. A majority of online sportsbooks also have a browser variant. One can bet on a board range of sporting events in the state, comprising professional athletic events, like National Basketball Association (NBA), the National Football League (NFL), the National Hockey League (NHL), Major League Baseball (MLB), and others. In addition, it also entails each university basketball and football conference, excluding the local colleges that are forbidden.
A Sudden And Unprecedented Block To The Growth Graph: Covid-19 Pandemic
Though the graph was going straight up for sites such as DraftKings, the Covid-19 coronavirus pandemic has turned the industry upside down with almost every key sporting event being cancelled or postponed for time being: The National Basketball Association, Major League Baseball, the National Hockey League, and PGA Tour are on break. The “March Madness” championship tournament of NCAA was shut completely. So for now, all the sportsbook operators can do now is to think something outside the box to make business stable during the coming period.
Some Provisionally Approved Bets To Turn Situation In Favor Of The Gaming Industry
In the wake of the circumstances, recently the New Jersey DGE has temporarily permitted bets for the foremost time on the events and leagues that otherwise may have not been considered. They are:
- eNASCAR iRacing Pro Invitational Series
- Bowls Grand Prix Lawn Bowling
- First-Tier Basketball Leagues (Women/Men) in the following countries: Argentina, Australia, Belarus, Barbados, China, Brazil, Great Britain, France, Mexico, Japan, Turkey, South Korea, and Russia.
- Chinese Professional Baseball League
- First-Tier Handball in the following countries: Ukraine, Turkey, and Sweden
- Indian Premier League Cricket
- Ukrainian Hockey League
- Belarusian Extraleague Hockey
- World Snooker
- International Table Tennis Federation events
- First-Tier and Domestic Cup Soccer: Bolivia, Algeria, Chile, Cameroon, Ecuador, Costa Rica, Ghana, Fiji, Nicaragua, Hong Kong, Singapore, Nigeria, Uruguay, and South Africa.
- First-Tier Volleyball (Women/Men): Russia and Turkey
- European Table Tennis Union events
- Cage Warriors Mixed Martial Arts
Yet, considering the prevalence of the COVID-19 pandemic and its capriciousness, any start dates for events or leagues are questionable. Though we can hope the situation to get under control and thus, pave way for the gaming and online betting industry to rise once again with a bang.