Aussie Firm Enters NJ Sports Betting Market

Written by:
Associated Press
Published on:
Dec/11/2018

ATLANTIC CITY, N.J. (AP) — New Jersey has given preliminary approval for an Australian sports book provider to offer online sports betting.


Why Be An Affiliate?  Own a Sportsobok and Receive 100% of Profits - Pay Small Weekly Fee Per Player

The state Division of Gaming Enforcement said Tuesday it is letting PointsBet conduct so-called “soft play” betting in affiliation with the Meadowlands Racetrack.

The company would only operate online. FanDuel runs the in-person and the existing online sports book at the Meadowlands.

It offers an unusual product that lets gamblers win, or lose, greater amounts depending on how close they are to the final score of an event.

New Jersey’s sports betting market is rapidly expanding, having taken in nearly $600 million worth of bets from its inception in mid-June through the end of October. Figures for November are set to be released on Wednesday.

In another development, the National Basketball Association reached a deal Tuesday with The Stars Group as an official gambling operator, allowing it to use NBA betting data and league marks across its digital platforms.

The Stars Group currently operates in New Jersey under the BetStars brand. It includes PokerStars and Full Tilt among its many online brands, and has an affiliation with Resorts Casino in Atlantic City.

During the multi-year agreement, The Stars Group will be promoted across the NBA’s digital assets including NBA TV, NBA.com, the NBA app and NBA social media platforms. The NBA will be promoted across The Stars Group’s gambling platforms.

Gambling News

New Hampsire House Approves Sports Betting

New Hampshire moved another step closer to legalizing sports betting Tuesday with the House’s passage of a bill allowing mobile gambling and wagering at up to 10 retail locations.

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

Why are the national gambling companies Caesars (CZR) and Penn National (PNG) underperforming with their sportsbook operations both in Pennsylvania and New Jersey when compared to regional companies?

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

You can bet the 2019 Magic - Arena Mythic Invitational online.  Scroll down for all odds to win or go here now to find live odds and bet

Google Introduces New Gaming Platform Stadia

Google Introduces New Gaming Platform Stadia

Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business.

New York Sportsbooks Unlikely in 2019

New York Sportsbooks Unlikely in 2019

Gov. Andrew Cuomo sounded doubtful that sports betting would come to fruition in New York State this year, music to the ears of offshore sportsbooks with most sites accessible to New York residents. 

Syndicate