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ROI-NJ.com | Nov. 18 (Linda Lindner) Casinos and sportsbooks set new records again in October
“Five weekends in October meant an unusual amount of NFL and college football to bet on, and plenty of free time for gamblers to visit Atlantic City, making fresh records inevitable,” said David Danzis, an analyst for PlayNJ.com. “But what will have a longer-lasting effect is if the market for sports betting and online gambling continues to expand while Atlantic City continues to recover following the pandemic. That combination is producing some jaw-dropping results.”
“With so much to bet on in October, state records for wagering are falling in every major legal sports betting market in the U.S.,” said Eric Ramsey, an analyst for the PlayUSA.com Network, which includes PlayNJ.com. “New Jersey separates itself because bettor enthusiasm for the NBA outstrips most every other market, which pushes its ceiling during a month like October to heights that were once unreachable in the U.S.”
Casinobeats.com | Nov. 18 New Jersey sets betting & gaming records in October
“The rise in revenue in all forms shows that each pillar of the state’s gaming industry is benefiting from a rising tide,” said David Danzis, an analyst for PlayNJ.
“Online gambling has continued to grow since launch, but annual revenue has more than tripled since sports betting launched in 2018. As impressive as $1.1bn in revenue in 10 months is, it might not have gotten there so soon without the legalization of online sports betting.”
New Jersey 101.5 | Nov. 1 (Dino Flammia) $1 billion in sports bets in 1 month – How did NJ become the first?
“Proximity to New York City ends up being a really big thing, of course,” Eric Ramsey said of New Jersey’s success with sports betting, which launched in June 2018. “Having a mobile sportsbook in your pocket makes for a quick turnaround from crossing the border on a train to placing a bet on an app,” Ramsey said.
Ramsey said that up to a third of New Jersey’s mobile sports betting may be coming from New Yorkers. Online sports wagering, though, should launch for New York sometime in 2022.
“That’s certainly going to make a noticeable dent in New Jersey’s bottom line; how much remains to be seen,” he said.
NorthJersey.com | Oct. 25, 2021 (Trenton Bureau) — College sports betting and bingo money: What’s on NJ’s ballot and what your vote means
Eric Ramsey, a market analyst for the industry news sites PlayUSA.com and PlayNJ.com, said expanding betting to college sports “is not really about tax dollars, it’s about correcting this little policy mistake” that prohibited it.
“For years, others have made money off college students and games, and there are plenty of examples of scandals connected to illegal gambling. Legalizing and regulating college betting should “bring out of the shadows,” Ramsey said.
“To put it simply, the more we pay college athletes, the less we will be concerned about their propensity to cheat or get ahead in some illegitimate way,” Ramsey said.
Philadelphia Business Journal | Oct. 18, 2021 (Ryan Mulligan) — New Jersey becomes first state to surpass $1 billion in monthly sports bets
“Sportsbooks reaching $1 billion in monthly handle is a reminder that there is no gaming market in the U.S. that is playing on New Jersey’s level,” Eric Ramsey, an analyst for the PlayUSA.com Network, said in a statement.
Las Vegas Review-Journal | Oct. 18, 2021 (Wayne Parry) — New Jersey reports billion-dollar sports betting handle in September
“Football wagering is vital in every state where sports betting is legal and necessary for sportsbooks to reach such heights,” said David Danzis, an analyst for PlayNJ.com. “What’s most impressive is just how much New Jersey has evolved into a market with no equals. The Garden State’s 12 highest volume months happen to be the 12 highest volume months in U.S. history. And all of them have come since August 2020.”