Bet on the Giants From Across the Meadowlands Parking Lot ...My How Things Have Changed

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Published on:
Sep/09/2018

This weekend marked the first time ever one could place a sports bet at a New Jersey facility on an NFL team.  Those going to see the Giants lose against the Jacksonville Jaguars at the Meadowlands Arena only needed to cross the parking lot and place their wagers at the newly constructed FanDuel Sportsbook.

The U.S. Supreme Court ruled in May that all 50 states can now offer sports wawgering.  They will each need to amend their own state laws.  Some, like New Jersey, West Virginia, Delaware and Mississippi, wasted little time in doing so.  Others, like Utah, probably will nto in this lifetime.

The Meadowlands Racetrack FanDuel-branded sportsbook is the first and only such business to share a parking lot with a professional sports stadium.

“This is the best day of my whole life,” said Joe Esposito, 52, who came from Springfield, N.J., to place a range of bets, including $1,000 on the Jacksonville Jaguars to win the Super Bowl. “I’ve been in sports gambling my whole life. I’ve lost millions of dollars doing it. But this is a place you can do it legitimately. And it’s right near the stadium!”

Joe and others who place bets here will be taxed at 10.75%.  Use of the FanDuel and other sports betting apps within the state's borders will result in a 13% tax. For this reason, bookies and offshore books will still be competitive in the Garden State.

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Mike Ludwig, a Giants season ticket holder who lives in Boston, had a drink in hand at the Meadowlands Racetrack sports bar after watching the Giants lose to the Jaguars, 20-15.

“I’m coming from Boston to see the Giants, and have some time to kill before heading over to Penn Station. And I know that the traffic is going to be terrible going back,” the 41-year-old Ludwig told the New York Times. “So I came here.”

The first NFL weekend of betting did not go off without a hitch for FanDuel's sportsbook.

As the New York Times points out, parking is reserved for Giants ticket holders. If you are there just to place a bet, parking is not easy on Sundays.

“I explained to them I was going to have all of them fired,” said Rose Porch, 51, who made the early morning trek from Hudson County, about the parking attendants who told her she couldn’t enter. “I was going to go to all their bosses and have them fired for lying because I came all the way from Bayonne and I didn’t think that was fair to me.”

Those who could enter, FanDuel chartered buses to take would be bettors across the parking lot.

The Giants loss and failed cover to the Jaguars likely resulted in FanDuel's first big win of the new season.  The Ravens and Bengals covers probably cut into that however.

- Mary Montgomery, Gambling911.com

 

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