When New York launched mobile betting back in January, a lot of analysts and experts expected New Jersey to see a pretty significant decline. But the evidence suggests that New Jersey continues to hold its own, with its sportsbooks breaking the $1 billion mark in six handles over the last seven months. To date, that is something no other state has done. “The New Jersey sports betting market, right now, is incredibly healthy, and it’s still one of the largest in the United States,” said David Danzis, analyst for PlayNJ.com. “There was concern this might lead to declines for New Jersey because New York bettors would no longer have to cross state lines to place a bet on their phones,” said Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism (LIGHT) at the Stockton University School of Business. “Early results do not suggest this has had a significant impact on sports betting handle in New Jersey.” Read More from NJ Biz.
NJ sports betting remains national model
