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DraftKings is not worried about a potential ban on micro-betting in New Jersey, CEO Jason Robins told investors on a Q2 2025 earnings call last week.
NJ Assemblyman Dan Hutchison (D-4) introduced a bill last month that would eliminate micro-betting, which are small wagers on in-game events, to “protect individuals from the financial and emotional harms that can come with excessive betting.”
Robbins could be right. Assembly Bill 5971 still contains no text after it was introduced in July.
Micro-betting not very popular
Live betting makes up a considerable percentage of wagers for New Jersey sportsbooks, especially DraftKings Sportsbook. However, micro-betting is a small component of that.
Robins addressed the handle percentage of micro-betting during the call.
“As far as micro-betting in terms of size, it’s not that large for us. It’s single-digit percentage of handle – of live handle, I think, even as well.
“So [it’s] meaningful, but not something that I would say is a huge component.”
Robins isn’t convinced the bill will have enough support to get through the legislative process.
“I see that as very, very low likelihood. It was just a piece of legislation put out by somebody. … But at the same time, bills get introduced all the time that don’t really, I think, have much of a chance of advancing, and I think this is one of them.”
Hutchinson’s reasoning
Micro-betting is a form of live betting, but it is a different kind of wager. Such examples are betting on whether the next pitch in an MLB game is going to be a ball or strike, or whether the next play in a football game will be a run or pass.
Hutchinson believes that micro-betting could become problematic. Despite not coming up with text in the bill, he said last month:
“The pace of micro-betting is designed to keep people gambling constantly, making one impulsive bet after another with little time to think.
“This bill is a commonsense step to slow that cycle down and protect individuals from the financial and emotional harms that can come with excessive betting.”
Robins scoffed at that, referencing New Jersey online casinos as part of his argument.
“I mean, New Jersey offers online slots. I don’t know how they could possibly be looking at micro-betting as the great scourge.”
