New Jersey Sportsbooks
Many people are hesitant to gamble online, but sports betting has become a popular activity in many states, including Rhode Island. In fact, more than two-thirds of US sports bettors have made their first bet with a gambling sportsbook. Whether you’re a casual bettor looking for the latest odds or a pro, there’s a gambling sportbook that will suit your needs. But if you’re not a native New Yorker, you might want to start small and stick to a reputable website.
While most sportsbooks are legal, the New Jersey casino industry has a distinct advantage over online-only competitors. As of June 2018, New Jersey legalized sports wagering, but the number of standalone land-based and mobile sportsbooks is limited. The state’s casinos, which are controlled by the Cherokee Indian tribe, are expected to open sports betting in March 2021. In addition to establishing a land-based sportsbook in NJ, FanDuel and BetMGM have also announced partnerships with the state’s tribal casinos. The three companies are now negotiating a deal for each of the twenty-plus tribal casinos.
Since the beginning of the year, the New Jersey sports betting industry has grown dramatically. In June, the state passed SB 690, a comprehensive capital bill that included a framework for legal sports betting. Several prominent sportsbooks have appeared in the state. Other sports betting companies have entered the fray as well, including Betfair, which will launch in New York. In the meantime, the sports betting industry will continue to evolve as more people become interested in the opportunity to gamble.