Sports Weekly Updates: Sports Betting and Sports News Highlights from New Jersey, Focusing on FanDuel Sportsbook
🏈 Weekend Wrap-Up: Sports Betting, Gaming, and More
If you're swamped with everything happening on this wild, spinning spaceship (let's be real, who isn't), then you've come to the right place. Here's your dose of sports betting, gaming, and general sports news for the week, all neatly wrapped up for your convenience. This is meant to be quick and dirty, so let's dive right in!
💸 New Jersey's Sports Betting Figures: The Breakdown
It's a new era for sports betting in the Garden State. Here's what the numbers tell us from the first month (or 17 days, to be precise) of sports betting operations:
- Monmouth: $2,279,166
- Borgata: $986,831
- Ocean Resort: $192,671
- Total across all three: $3,458,688
- Total from completed events (not futures): $1,203,700
- Gross hold percentage based on completed events: 7.8%
- Total gross handle (including futures): $16,409,619
- Tax derived by New Jersey: $293,863
That's a solid start for the Garden State!
🏈 FanDuel Sportsbook at The Meadowlands.
Big things are brewing at The Meadowlands Racetrack, home to the Giants and Jets' MetLife Stadium. Stay tuned for the opening of the FanDuel Sportsbook—we'll have all the deets for you right here!
💰 Other Sports Betting Headlines
- 📈 Connecticut's Casino Future: Gambling and drugs could whip Connecticut's struggling economy into shape [CNBC]
- 💻 Colorado's Slow Steady Approach: Colorado's sports betting future may follow a cautious path [CPR]
- 📝 Federalism Wins: The Supreme Court's New Jersey decision saw federalism as the victor [Reg Review]
- 🏙️ U.S. Cities' Gambling Horizon: A glimpse into when legal sports betting might grace 25 of America's largest cities [Action]
- 💰 Low Tax Rates: No amount of new laws will put a dent in illegal gambling, experts say [Herald]
- 🚐 Shuttle Bus Saber-Rattling: A shuttle may shuttle you between MetLife Stadium and the FanDuel Sportsbook [Chalk]
And that's a wrap for this week's sports betting roundup! Stay tuned to Sports Handle on Saturday for coverage of the Meadowlands launch. As always, remember to gamble responsibly. Good luck, and have a fantastic weekend!
Sports betting operations in New Jersey have kicked off to a promising start, with a total of $3,458,688 waged in the first 17 days at Monmouth, Borgata, and Ocean Resort. The 'completed events' gross hold percentage was 7.8%, generating a tax of $293,863 for the state.
The anticipated FanDuel Sportsbook is set to open at The Meadowlands Racetrack, which shares a horizontally adjacent space with the Giants and Jets' MetLife Stadium.
Connecticut's future in sports betting and gambling could potentially revitalize its struggling economy, as detailed by CNBC. Colorado's approach to sports betting, meanwhile, may take a slower, more cautious route, according to CPR.
The Supreme Court's decision on New Jersey's sports betting case has been hailed as a victory for federalism, as noted by Reg Review. A forthcoming article in Action provides insights on when legal sports betting might become available in 25 of America's largest cities. Lastly, a shuttle bus service between MetLife Stadium and the FanDuel Sportsbook has been suggested by Chalk.
Remember to stay tuned to Sports Handle on Saturday for coverage of the Meadowlands launch, and as always, gamble responsibly. Have a great weekend!
