With two days until the Emmy awards show, DraftKings Sportsbook announced it had betting on the Emmys in NJ. PlaySugarHouse also has Emmy odds listed.
The NJ sports betting bill would change the policy that prohibits bets on a league if the casino held a 10% stake in a team, as Golden Nugget’s owner does.
Sports betting handle in New Jersey hit $318.9 million in May with revenue of $15.5 million. But online sportsbooks like FanDuel are the real hot spot.
During a NY sports betting hearing, FanDuel noted that 25% of New Yorkers use their app and drive south for legal sports betting in New Jersey.
All told, after three weeks of betting action on the NCAA Tournament in 2019, New Jersey sportsbooks won $10 million in revenue on $106 million in bets.
It may not have mattered for March Madness 2019, but what if Seton Hall or FDU made it to the Final Four? Legal NJ sports betting would’ve been out of luck.