Betfair’s New Jersey Prospects Look Bright

According to a report featured in Tuesday's edition of eGaming Review Magazine, Betfair believes its chances of launching in New Jersey are quite good following the NJ General Assembly in that state unanimously approving the exchange betting model used by companies like Betfair.

There is still a long way to go, however, as the measure to approve exchange betting will now appear before the  Wagering, Tourism and Historic Preservation committee of the Senate.

Recently, Betfair acquired the US TV online horse betting business TVG Network for $50 million.