According to gambling regulators in both states, New Jersey saw $318.9 million worth of bets, edging past Nevada, which took $317.4 million. That makes New Jersey the Sports Betting Capital of the Country.
Deborah Simmons: “New Jersey now wears the crown of sports-betting king.” @WashTimesOpEd https://t.co/CNyvPWlWdI
— The Washington Times (@WashTimes) June 29, 2019
From those bets, New Jersey casinos and racetracks made $15.5 million in revenue, compared to $11.6 million in Nevada.
New Jersey won a U.S. Supreme Court case in May 2018 that cleared the way for all 50 states to offer legal sports betting should they so choose.
And it jumped into the market with both feet with the goal of dethroning Nevada as the sports betting capital of America.
“It was only a matter of time,” said Jay Kornegay, head of the Westgate SuperBook in Las Vegas. “States with higher population numbers will continue to surpass Nevada, and New Jersey has a population of 9 million, not counting (people from) surrounding states, versus Nevada’s 2.5 million.”
He said one of the reasons Nevada slipped behind New Jersey include comparatively fewer NBA basketball playoff games this year.
This will be an exciting race to watch. With more states looking to legalize sports betting, Vegas is going to have a tough time competing. They better start looking to pivot to find some other streams of revenue.
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