It has been a few months since the federal government decided to overturn the Professional And Amateur Sports Protection Act (PASPA), and we are beginning to see individual states jump into action. While many states are still putting together their plans for launching sports betting products, New Jersey is ahead of the pack with Atlantic City’s Resorts Casino cutting the ribbon on its brand-new sports book tomorrow.
Resorts Casino will be the first venue in New Jersey to offer sports betting products to local punters. Its sports book with be a state-of-the-art facility at which sports fans will be able to wager on their favourite teams. It will include six betting windows, four self-service kiosks, a 12-foot video wall and 15 television screens. With this amazing set up, we’re sure that Resorts Casino will be one of the most popular destinations for sports betting in the state of New Jersey.
Resorts has a very impressive setup in terms of sports betting. Over the course of the past few years, the company has entered into several valuable deals with international gaming operators in order to ensure that its sports book is the best in the industry.
In June, Resorts Casino signed a deal with Draft Kings. While few details of the deal were announced, Draft Kings stated that it would be developing a sports betting app and web-based platform. Resorts Casino also expanded its partnership with PokerStars. Whereas the company previously only offered poker products from Stars, Resorts Casino will not carry BetStars products as well. Finally, Resorts Stars teamed up with SBTech as a move that will help the operator develop a mobile platform.
The American sports betting market is going to be a very lucrative one, so it is no wonder why so many operators are jumping at the chance to get involved. It is estimated that overall sports betting across the state will be worth billions and New Jersey is already seen some impressive profits.
Ever since sports betting became legal in New Jersey in June 2018, sports books across the state generated $3.8 million in gross revenue. New Jersey players wagered over $40 million during the first full month of sports betting in the state, and these numbers are only expected to improve.
The expansion of gambling in New Jersey has had far-reaching benefits beyond bringing in additional profits for operators. The government has earned valuable tax revenue and AC casinos now employ over 30 000 individuals – the most staff the city has seen since 2014. The introduction of sports betting will only serve to further benefit the local economy.
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