FanDuel Sportsbook And Betfair NJ Online Casino Now Have A Shared Wallet

FanDuel Sportsbook promotes Betfair’s online gambling site so that NJ sports betting enthusiasts now have easy access to casino games and slots.

Are you one of those bettors who likes placing a wager on an NFL or college football bowl game before heading off to play some blackjack, roulette, or slots?

Then the Betfair Casino promotional banner located at the top of the FanDuel Sportsbook home page is likely going to catch your attention.

It reads: Blackjack, Roulette, Slots & More! Play $100 risk-free.

Translation: FanDuel and Betfair quietly linked the two apps together via a shared wallet.

Deposited funds are now available to use for NJ sports betting and online casino games. Call it an on-the-fly approach without the flashy advertising.

FanDuel and Betfair are well-established brands both operating under the FanDuel Group banner. The apps are currently separate, but the same username and password applies for both. There is no need to create different login credentials.

Linking your FanDuel and Betfair accounts

FanDuel Sportsbook customers now have access to hundreds of real money casino games.

Once you’ve created an account, the next step is depositing funds. Credit or debit card, FanDuel prepaid card, PayPal, ACH, online bank transfer, wire transfer, PayNearMe, cash at counter and check are the accepted baking methods.

Once the funds appear in your wallet, the sports betting and casino playing can begin.

Betfair Casino is offering FanDuel Sportsbook customers the opportunity to play casino games risk-free up to $100 for the first day.

Net losses within the first 24 hours of placing initial real money wager will be given as casino site credit up to $100. The offer applies to new casino players only.

Betfair and FanDuel are one team

Paddy Power Betfair, well known as one of the largest bookmakers in the world, is the parent company of both brands.

The London-based Betfair completed the merger of US operations with FanDuel back in July. The combined offerings also include the FanDuel daily fantasy sports product and TVG.

At the time. the FanDuel Group product line, according to the news release, had a presence in 45 states, eight million customers, and $265 million in annual revenue “making it a leader across daily fantasy sports, horse racing wagering and gaming.

The FanDuel retail sportsbook opened at the Meadowlands Racetrack on July 14. The FanDuel Sportsbook app followed on Sept. 1.

In New Jersey, FanDuel enjoyed its strongest month to date in November with $4.4 million in revenue, according to figures released by the NJ Division of Gaming Enforcement.

Overall, it was good enough for second best. The $7.2 million earned by Resorts Digital, the majority of which was DraftKings Sportsbook, led the field.

What’s next for the FanDuel brand?

Over the summer, Online Poker Report mentioned that FanDuel Group was looking to add a branded NJ online casino featuring slots and table games. 

FanDuel’s longtime competitor, DraftKings, recently added blackjack to its slate of NJ online gambling options.

But one of the possibilities mentioned early on was rebranding the Betfair Casino app/web platform to FanDuel Casino. While the changeover has not happened yet, the shared wallet and links between the two platforms seem like a logical first step.  

Optimistic Betfair Pleased With FanDuel’s Performance In NJ Sports Betting

In its earnings call last week, Paddy Power Betfair’s CEO Peter Jackson called FanDuel Sportsbook a success with optimism for NJ sports betting.

Third-quarter revenue figures for Paddy Power Betfair (PPB) did not blow away the competition.

Frankly, they might not have even led company higher-ups to exchange high-fives in between fist pumps.

That is not to say PPB did not fare well.

According to the company’s earnings call last week, PPB revenues in the third quarter, excluding losses within its US sports betting business, reflected a 12 percent increase, though earnings remained flat.

Despite the report signifying a slight step backward, PPB maintains a rosy outlook.

After all, company CEO Peter Jackson said, PPB has the potential to make waves in the ever-expanding world of legalized wagering in the US, particularly in New Jersey, where FanDuel Sportsbook has established itself as a power in the NJ sports betting industry.

“This gives us continued confidence that we’re well positioned to win further market share,” Jackson said during the earnings call. “In the US, Q3 was an exciting period. We saw good momentum in each of our existing businesses and the successful launch of FanDuel sportsbook. The start of the NFL season is the key customer acquisition opportunity for fantasy sports each year, and we’ve been very pleased of our performance this year.”

FanDuel becoming a Betfair jewel

Jackson noted that early indicators in New Jersey point to “both the latent market opportunity and our strong relative positioning.”

Underlying growth in US revenues, he added, have stemmed from new game formats and an initiative to attract recreational bettors. Additionally, the execution of promotions and marketing have helped PPB become a major sports betting player.

Despite mobile NJ sports betting products growing from three products to eight in October, Jackson remains confident in PPB’s standing.

Particularly in the retail aspect, an area in which FanDuel Sportsbook at Meadowlands Racetrack has led the industry each month since opening in July. Paddy Power Betfair acquired FanDuel just before debuting in the NJ sports betting industry.

“We shared some snippets on that today as we talked about the amounts of staking that we’re seeing in our retail shop, up to sort of $1.5 million a day at the moment, and we’re very proud of that,” Jackson said. “I think it must be one of the busiest shops in the world. But our online business is bigger.

“So yeah, I think the market may well have grown into October, it’s a very busy month in the U.S., but our business has as well. So I think we’re very pleased with our positioning, and I can’t comment on what other people are doing, but our strategy seems to be working.”

Still room to grow in NJ sports betting

Jackson conceded that PPB’s success in New Jersey certainly benefited from a packed sports schedule in October. The NFL was in full swing, the MLB postseason took center stage, and the NBA opened its season.

October “is a big month for sports in the US and so we would have expected a degree of step up,” Jackson said. “But I think, this is going to be a submaturity of the market and it’s going to take some time before it’s fully mature. I mean, we’ve got some exciting plans, what we do with the Meadowlands.”

To become a leading sports betting power, Jackson mentioned, PPB needs to boast leading propositions for customers.

Jackson said that is exactly what has transpired in New Jersey, via “FanDuel’s market-leading app, with a broadest range of betting markets, competitive pricing, and generous headline promotions.”

From fantasy sports to sports betting

Paddy Power Betfair continues working toward building its customer base, Jackson said. New Jersey trends indicate the value of FanDuel’s daily fantasy sports presence.

That includes “players who’ve been active with FanDuel recently, and perhaps more encouragingly, with respect to dormant customers re-engaging with the brand.”

Added Jackson:

“We’re not going to give the breakdowns, but it clearly gives us a real advantage in the market.”

FanDuel alone has inspired enthusiasm for PPB’s future. When comparing expected first-year revenues with the acquisition cost, Jackson said: “We’re very happy with those unit economics.”

PPB ready to go all-in

Certainly, Paddy Power Betfair envisions a future featuring more robust revenue figures.

In order to reach such heights, Jackson said, PPB will need to continue “substantial investment” in promotions and marketing. Jackson added PPB will not be shy about investing. “But we will do so in a disciplined manner,” he said, “that focuses on returns generated from spend.”

How future revenues look depends on factors like the evolution of the NJ industry and other markets going live.

Several backers agree with Jackson about PPB’s future hold on the sports betting industry.

Morgan Stanley said that “Paddy Power Betfair’s US business is seen as a key play on the attractive US opportunity, and M&A upside risk is increasing, in our view.”

Added UBS:

“We believe (Paddy Power is) well positioned in the US with FanDuel, which combined with the market size potential means we see potential positive catalysts were we to get more comfort around the UK performance.”

Betfair Sets Sights On NJ Sports Betting, Teams Up With Meadowlands

With NJ sports betting set to launch soon, Betfair US gets into the game with a long-term partnership with Meadowlands Racetrack in New Jersey along with Tioga Downs in New York.

Jeff Gural doesn’t have his casino yet, but legal NJ sports betting may tide him over for the time being.

This past week, Gural and international sports betting firm Betfair US announced via press release a long-term deal in which the company would provide sports betting services to Gural’s Meadowlands Racetrack.

“We could not be more excited to partner with Jeff Gural and his partners for sports betting in New Jersey and New York,” Betfair US CEO Kip Levin said in the release. “Meadowlands Racetrack has the potential to be among the best, if not the best, sports betting venues in the US. Combining these premier facilities with the global sports betting prowess of Paddy Power Betfair is a great match and will enable us to bring an unparalleled sports betting experience to customers in the northeast.”

Betfair US is one of four brands under the Paddy Power Betfair umbrella. In addition to the Meadowlands deal, Betfair launched a long-term partnership with New York’s Tioga Downs.

“We went through a diligent process and reviewed several options to provide customers with the best sports betting experience possible,” Gural said in the press release. “In the end, Betfair’s world-leading products and experience proved the best choice. We are eager to get started with our partners, with whom we have had a long relationship for racing with TVG, on this exciting venture.”

Betfair expands New Jersey presence

If Betfair US sounds familiar, it’s because they have an NJ gambling site: Betfair online casino runs via Golden Nugget Atlantic City’s license.

They’re also New Jersey’s premier provider of online horse racing betting via TVG. And, earlier this month, Paddy Power Betfair bought daily fantasy sports site FanDuel that should launch later this year.

Its new partnerships ensure that the company has a stake in four major NJ gambling markets: online casino, racetrack wagering, daily fantasy sports, and sports betting.

Meadowlands adds clout

Gural, chairman of Meadowlands and Tioga Downs, was one of the most outspoken proponents of expanding casino gambling beyond Atlantic City.

A referendum calling for the addition of up to two casinos outside of Atlantic City failed by a 2-to-1 margin in November 2016. However, Gural hasn’t given up hope.

The partnership with Betfair will benefit the property whether Gural gets a casino or not. But the presence of such a powerful international name no doubt sets up a strong infrastructure for a future casino.

NJ sports betting and Betfair: Timing is everything

While no specific sports betting launch date has been set, it would be Gural’s sweet revenge if his racetrack took the first sports bet in the state instead of a flagship Atlantic City casino such as Borgata Hotel Casino & Spa.

Regardless of who places the first bet, the partnership is advantageous for Gural because of geography, too.

His two tracks — one in East Rutherford, NJ, and one in Nichols, NY — sandwich Pennsylvania’s Mohegan Sun.

Should his two tracks launch sports betting before Mohegan Sun, he stands to gain a significant advantage over his Pennsylvania counterpart.

And They’re Off: Four New Jersey Online Casinos To Offer Virtual Sports Betting

PlaySugarHouse.com became the first real money online casino in NJ to offer virtual sports betting. Golden Nugget, Betfair and Resorts are slated to follow.

New Jersey is getting virtual sports betting before actual sports betting.

This past week, sports bettors had special reason to give thanks when NJ’s PlaySugarHouse online casino launched virtual sports betting on soccer and horse racing. Virtual sports bets will also be taken soon at Golden Nugget, Betfair, and Resorts. A press release is available here.

In an interview with Legal Sports Report, Leap Gaming CEO Yariv Lissauer said virtual sports is an excellent platform because it’s not tied down to a particular professional or racing season.

“It’s so realistic and entertaining, as well as being seen as a premium product with a fresh flow of content around the clock,” Lissauer said.

SugarHouse’s two sports — soccer and horse racing — function like EA-style video games. The graphics are clear and fluid and the announcing/color commentary is reminiscent of Madden or FIFA.

Virtual horse racing in New Jersey

The following demo of a horse race shows you how realistic the races are from post to finish line:

As you can see, you get a relatively realistic race experience with adequate — if not a bit stilted — announcing. Finishes are clearly shown from multiple angles. Race finishes are randomized.

Virtual soccer games online

In the demo we previewed, SugarHouse’s virtual soccer match featured Spain and Italy. Pre-game screens reveal starting lineups and the betting lines across a variety of books.

The game gets underway and is condensed into scoring opportunities and goals:

There are a variety of pre-game, score-based bets to be made including ties.

Multiple industry experts say that SugarHouse plans on releasing three more virtual sports betting platforms:

  • dog racing
  • motor racing
  • motorcycle racing

Virtual sports betting already a big deal in Europe

Virtual betting first made an appearance in Vegas via William Hill, which introduced two sites. William Hill’s US virtual sports betting has, at the time of publishing, grown to nine sites in Vegas.

Pala was second to introduce virtual sports but only on social sites (free play). This may be Pala’s test run for real-money sports betting, should it be legalized when SCOTUS renders its decision on the NJ case next spring. William Hill boss Joe Asher has been quoted as saying virtual sports betting fills an obvious void.

“We see virtual mainly as a filler product,” William Hill US CEO Joe Asher said. “There’s less live horse racing content available these days, so virtual racing fills the void, particularly on slower days when the major tracks aren’t running.”

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Golden Nugget

Golden Nugget is our favorite NJ online casino, and for good reason. It has more than 500 casino games (the most in New Jersey) and offers live dealer games. It also has great deposit options and an easy-to-use online and mobile interface.

How will legalized sports betting affect virtual sports betting in NJ?

With New Jersey just days away from oral arguments before the Supreme Court of the United States, many believe the state will win its sports betting case and PASPA will be repealed. Sports betting will most certainly explode in New Jersey; MGM International already announced it’s building a $7 million sports book in Atlantic City even though SCOTUS has yet to hear the case.

There’s a good chance that virtual sports won’t face a steep decline because, as pointed out by William Hill’s Asher, it provides gamblers sports betting all hours of the day in peak and off-peak seasons.

New Jersey Woman Wins $197k At Tropicana – The Biggest Online Jackpot Of 2017

A Phillipsburg, New Jersey woman won a $197,139 online jackpot on Tropicana Casino in June, marking the largest jackpot won online in New Jersey this year.

A Phillipsburg, New Jersey woman won a $197,139 online jackpot on the Tropicana online casino in June.

The almost $200,000 prize marked the largest slot jackpot won at an online casino in New Jersey this year.

The Tropicana blog reported last week that Kim Seib won the massive jackpot playing the Tropicana online casino’s Wonderland slot.

Killing time pays off at Tropicana online casino

Seib said she was playing online at Tropicana, killing time while getting ready for work on the morning of June 25, when she noticed the size of the Wonderland jackpot and decided to take a shot at it.

“I was about to log out, but I ultimately decided to play Wonderland after noticing how high the jackpot amount was up to,” Seib told the Tropicana blog. “I thought to myself, ‘What the heck, I’ll give it one last shot!’ During my 15 minutes or so of playing Wonderland I got the Rose Garden Bonus and only completed painting about 5 roses before the Queen popped up.

“Then I got it again. I was clicking my laptop buttons and completed 5, 6 and 7. All of a sudden, they were all completed. Jackpot! I sat there in total shock, thinking, this can’t be. No way!”

Seib said she was in total shock as she ran up the stairs in her home to tell her husband.

“I started having a panic attack,” she said. “I grabbed my laptop and ran upstairs to my husband, repeating, ‘Oh my god!’ He was half asleep. He thought something was wrong. I couldn’t get the words out. I finally put my laptop on the bed and just told him to look. He was in shock. He watched as dollars were added to my balance in $5,000 increments. I couldn’t contain my excitement. I jumped up and started doing my little happy dance.”

The fifth six-figure NJ online slot jackpot in 2017

According to the New Jersey Division at Gaming Enforcement, four other six-figure slot jackpots have been hit online this year. The largest prior to Seib’s June 25 win was for $137,499. It was hit on May 11, 2017 on the Angel’s Touch online slot at the Betfair online casino.

Seib also told Tropicana she has been a regular player at the Tropicana online casino for the past three years and makes frequent trips to play live at the Tropicana Casino Atlantic City as well.

“With our schedules, it makes it hard to visit like we want to,” she said. “So, I just decided to try Tropicana’s online casino, and here we are 3 years later. The site is very easy to navigate. The ease of making deposits and withdrawals is great. Plus, Tropicana’s online customer service is always knowledgeable, quick and courteous.”

The Wonderland slot’s reputation

A West Pier Studio-designed online slot with software from Gamesys, Wonderland has been available on the Tropicana and Virgin online casino platforms since they both launched. The five-reel online slot is based on the 1865 classic book Alice’s Adventures in Wonderland by Lewis Carroll.

It has a reputation for paying off on the Tropicana online casino. In fact, Wonderland paid out a $149,022.27 jackpot to a player on the Tropicana online casino in 2016. Plus, a West Milford, NJ woman won a $66,295.92 jackpot playing Wonderland on Tropicana in 2016, almost two years to the day after she won a $85,191.81 jackpot playing the same game.

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Tropicana

Tropicana, like sister site Virgin, has a wide selection of online casino games, but where it really shines is in the table games department. Blackjack, Pai Gow, and 90 Ball Bingo are just a few games we love. With a $100 cashback offer for new players, Tropicana certainly ranks among the best online casinos in New Jersey.

Image credit: Naomi_Clark / Shutterstock.com

Good News For NJ Online Casino Patrons: PayPal Now Live At Betfair Casino

Getting money on and off of one New Jersey online casino just got a little easier, as PayPal is now available at Betfair.

Getting money on and off of one New Jersey online casino just got a little easier, as PayPal is now available at Betfair.

PayPal comes to Betfair

Betfair announced that it was adding PayPal to its platform on Wednesday.

Betfair previously offered a number of ways to withdraw cash from the site for its users, including:

There is no shortage of ways to get your money onto the site, as well. But PayPal offers the quickest and most convenient way to move money off and on Betfair’s online casino in NJ. Users, old and new and alike, will likely enjoy the convenience of using PayPal for cashiering at Betfair.

Other NJ casinos with PayPal

PayPal first went live for some New Jersey online casinos and poker rooms back in 2015.

Today, the list of operators that take PayPal include:

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Betfair

Betfair Casino is arguably the most successful online gambling site in the world. And in New Jersey, they are known for their high-quality customer service, broad suite of games, and solid bonus value. And that’s just three of the many reasons to give Betfair a try today.

PayPal’s service in NJ should ease other states considering iGaming

While the NJ online casino industry is succeeding on its own — to the tune of $20 million a month — it also serves another purpose.

It’s a testing ground for the US regulated online gambling and poker market, which currently consists of NJ, Nevada and Delaware. A number of other states have seriously considered iGaming of late, including Pennsylvania, Illinois and New York.

PayPal being integrated into online casinos now in New Jersey should make it easier for that step to be taken in any other state that legalizes iGaming down the road. Before PayPal, the NJ iGaming industry was hampered by payment processing issues in its early months and years.

So one small step for Betfair and PayPal likely means easier cashiering down the road across the regulated US iGaming industry.

Image credit: charnsitr / Shutterstock.com