NJ Sports Betting Flirts With $750 Million Handle In April, Pushing It Past $15 Billion Lifetime

Nearly $748 million was shelled out on legal sports betting in New Jersey in April, the seventh-best month ever for Garden State sportsbooks.

New Jersey sports bettors laid down nearly $748 million in legal wagers in April, most of which was gambled online.

More than $681 million, or 91%, of the total wagered on sports last month in NJ was via mobile apps or online.

NJ sportsbooks reported $54.84 million in revenue in April, according to data released Friday by the state Division of Gaming Enforcement.

Overall, the monthly handle was the seventh-largest in NJ since sports betting was legalized in 2018. The Garden State’s sports betting revenue in April was the fifth-highest grossing month over the same period.

Hoops are a boost to NJ sports betting

April is typically the start of a monthly dip in sports betting handle that runs through August. But, NJ bettors have an affinity for basketball gambling that most other states do not.

With all three “local” NBA teams — New York Knicks, Brooklyn Nets, and Philadelphia 76ers — heading into the postseason, NJ sportsbooks could get a lucky bounce in May and June.

“New Jersey is unique in that it has never been quite as reliant on football as other legal jurisdictions,” said Dustin Gouker, an analyst for PlayNJ. “NBA has always been particularly popular.”

The Sixers are currently the No. 1 seed in the Eastern Conference. The Nets are the second seed and must-see-tv. The Knicks, arguably the region’s most popular team, are the fifth seed and will make the playoffs for the first time since 2012-13.

Garden State sports betting blowing by milestones

NJ sports betting eclipsed three major milestones in April.
The national sports betting leader has now passed $15 billion in lifetime handle, $1 billion in revenue, and $150 million in tax revenue.

“Considering the challenges, particularly in 2020, $15 billion in wagering and $1 billion in revenue are incredible yard sticks that really drive home just how successful the New Jersey market has been,” said Eric Ramsey, analyst for PlayNJ. “At least until New York launches its sports betting industry, New Jersey seems untouchable as the nation’s largest market.”

Online/mobile driving the NJ sports betting market

April’s results also highlight why NJ is leaps and bounds ahead of other sports betting jurisdictions. Online and mobile sports betting is a relatively mature market in NJ, with 19 options for gamblers (additional operators could launch in time for NFL season).

Meadowlands Racetrack (FanDuel Sportsbook/PointsBet) topped the online market with $25.5 million in gross revenue, according to the NJDGE data.

Resorts Digital, which includes DraftKings Sportsbook and FOXBet, reported $12 million in April.

Here are the revenue results for the rest of NJ’s online/mobile operators:

  • BetMGM/Borgata: $5.2 million
  • Ocean Casino/William Hill/Tipico: $1.8 million
  • Monmouth/William Hill/SugarHouse/TheScore: $1.8 million
  • Hard Rock/Bet365/Unibet: $1.3 million
  • Golden Nugget/BetAmerica: $202,545
  • Tropicana/William Hill: $52,922
  • Caesars Sportsbook/888sport: -$183,283

    Brick-and-mortar sportsbook results

Retail sportsbooks in NJ also had a decent month. The nine Atlantic City casino sportsbooks and three racetracks took in more than $66.8 million in legal wagers.

The Meadowlands/FanDuel Sportsbook continues to outperform the entire Atlantic City market. The North Jersey racetrack shop posted $3.6 million in revenue. Collectively, AC casino sportsbooks reported $2.93 million in revenue.

“Retail betting is slowly returning to normal, and that could become even more pronounced when all capacity restrictions are lifted next week,” Gouker said.

AP Photo/Alex Brandon

 

 

 

New York Knicks Hottest Team In NBA, Just Not At NJ Sportsbooks

The New York Knicks are the hottest team in the NBA right now, but NJ online sportsbooks still see them as a long shot to win a title.

The great philosopher and occasional pro basketball player LeBron James recently tweeted an unassailable truth, which is the NBA is “simply better off” when the New York Knicks are winning.

Who are we to disagree with the Chosen One?

All snark aside, James is right. The Knicks are one of those few franchises whose success elevates the overall league product.

Thankfully for the NBA and the Madison Square Garden faithful, the Knicks have been winning lately. A lot.

The Knickerbockers have won 10 out of their last 11 games. The recent stretch included a nine-game winning streak. Eight of those 10 Ws came at MSG.

It is late April and the New York Knicks are the hottest team in basketball.

(Note: Author puts hand on the ground to see if it has frozen — it has not).

New York Knicks getting cold shoulder from NJ sportsbooks

With nine games left in the 2021 season, New York is the fourth seed in the Eastern Conference. The Knicks are a lock to make the NBA Playoffs this year for the first time since 2013.


The Knicks could make some noise in the NBA Playoffs, but New Jersey sportsbooks are not hearing it.

In February, FanDuel Sportsbook gave 250-1 odds of a Knicks’ NBA championship. Here’s proof:


The odds have not improved all that much. BetMGM gives New York 100-1 odds to win it all, while Caesars Casino & Sportsbook posted 50-1.

Tibbs & JR making beautiful music together on Broadway

The Knicks’ winning ways can mostly be attributed to two men: Head Coach Tom Thibodeau and All-Star PF Julius Randle.

Thibodeau set the tone early with this young team, emphasizing defense, offensive efficiency, and effort. The Knicks lead the NBA in opponent points per game (104.7). They are third in the NBA in 3-point FG %, sixth in rebounds (45.4), and in the top-10 for average FGs made, average FGs attempted, FG %, and steals.

Randle, meanwhile, has emerged as a true star on Broadway. He leads the team in points per game (24.1), rebounds (10.4), and assists (5.9).

Add in a strong supporting cast and these Knicks are suddenly worthy of a long-awaited standing ovation. With Broadway shows still on hiatus, the timing couldn’t be any better.

AP Photo/Brittainy Newman

Philadelphia 76ers Leading Eastern Conference Race, But Nets And Bucks Remain Close

New Jersey online sports bettors still obtain great value on the 76ers’ postseason odds, with Philadelphia trending under the radar.

Welcome to the last hump of the Philadelphia 76ers regular season.

Fifteen games remain in the NBA regular season for the Sixers, who try taking their 39-18, Eastern Conference-leading record all the way to the wire.

New Jersey online bettors still obtain great value on the Sixers’ postseason odds, with Philadelphia trending under the radar.

Before hosting the Phoenix Suns and then visiting the Milwaukee Bucks for two games this week, the Sixers stack up as the sixth favorite team to win the NBA title.

They are an eye-opening +1200 at DraftKings Sportsbook and William Hill.

Looking at the current NBA standings, the Sixers shouldn’t be ignored.  From an NBA betting perspective, however, a strong argument could be made regarding any one of the top-six teams.

A closer look at the DraftKings NBA odds

Heading into Wednesday night’s action, the Sixers still hold a half-game advantage over the Brooklyn Nets in the Eastern Conference standings. However, DraftKings still has the Nets at +240 to win the NBA crown, even with stars James Harden and Kevin Durant nursing injuries.

The Los Angeles Lakers, +350, are being bet as though stars LeBron James and Anthony Davis are still in their lineup. Davis may return this week, but James is not close.

The Lakers, currently the No. 5 seed in the West, look overbet and this enhances the values of other teams, like the Sixers.

The Los Angeles Clippers, whom the Sixers nudged last week in an exciting contest, are +650.

The Western-conference leading Utah Jazz are +700.

The Milwaukee Bucks, whom the Sixers lead by four games, are +750.

And then, only then, come the Sixers, at +1200.

Does anybody notice the 76ers?

ESPN does.

It put the Sixers atop their power rankings for the entire league at the beginning of the week.

Ahead of the Jazz in second, the Suns in third. and the Nets in fourth.

Philadelphia squandered some prestige by losing to the Golden State Warriors on Monday night, without ailing defensive stalwart Ben Simmons. Starting forward Tobias Harris also missed the game.

The Sixers also will have a hard time staying No. 1 after this week, but at least they began there. If they can match ESPN’s optimism, + 1200 is a steal.

Lining Up Bucks-76ers bets

Returnees Giannis Antetokounmpo (left knee), Donte DiVincenzo (right big toe), and key reserve P.J. Tucker (left calf) all played Monday, but could not prevent a 128-127 overtime loss by the Bucks to the Suns.

The Bucks, who lost their entire starting five at one point and suffered a 6-8 stretch, are getting key people back.

Just in time for the Sixers.

For Philadelphia, Simmons isn’t being rushed back but should return this week. Check his status before each game.

Milwaukee must sweep the Sixers Thursday and Saturday in order to maintain contention.

Betting odds will be fun to watch for these contests.

Will they anticipate the Bucks playing with desperation? What happens to the second-game line if the Sixers win the opener.?

It’s not easy to defeat the same team twice in a row with just one day off between games. How the betting line looks before the second game will be interesting. If the Bucks win Thursday night, do they pour everything into a sweep?

If the Sixers take the first game, do they rest some players for what would be their third game in four nights?

Philadelphia will put the Bucks away for the regular season with a split, or better.

Johnny Avello, the director of race and sportsbook operations for DraftKings, noticed the Eastern Conference juggling. But the money, right now, is out West.

“There is certainly some value out there to get once you look past the Nets and Lakers,” Avello, told NJ Gambling Sites. “The West is really loaded. Teams like the Suns are playing great. The Denver Nuggets are having a tremendous season, too.

“Right now, you’d have the Lakers as a fifth seed. Every game is a tough game for the teams in the West. Whoever wins that would probably end up playing the Memphis Grizzlies in the opening playoff round.

“That would be a bargain.

“When the playoffs begin, the betting atmosphere is going to be phenomenal,” he added. “Once that happens, these guys have to play every game. No more of the players resting.”

Why finishing first in the East matters

Few talk about the prize for winning the Eastern Conference regular season because teams want to be rested for the playoffs. And there is still some time left in it.

But this is a unique situation.

The top seed in the East could have major significance in the second round of the playoffs.

Should the Sixers win the conference, say with the Nets second, the Bucks third, and any number of teams fourth, here’s what happens if they all advance on cue through the first round.

The Sixers avoid the Nets and Bucks in round two and play the worst-seeded remaining team. The Nets and Bucks then go head-to-head and one of them is eliminated for the conference finals.

Winning the conference is a free trip around the Nets or Bucks.

But if the Sixers don’t win the conference, they will likely have to defeat both teams in a postseason series.

You will hear more of this as the season winds down.

Sixers, Nets, have different plans

The top seed is attainable for the Sixers because the Nets are coasting into the postseason, strategically resting players.

With a capital “R.”

Brooklyn has nursed Harden, Durant, and Kyrie Irving, who are the league’s highest paid players, intensely.  Combined, they played 99 of the first possible 171 games. When the season ends, the three stars will have the minutes of a player and a half.

But Durant and Irving are injury prone and the trio averages 80 points a game when healthy.

That’s the Brooklyn strategy. Get to the finish line and roll it all on the playoffs.

The Sixers, Nets, and Bucks run the Eastern Conference show. But tip your hat to the New York Knicks.

Find the person, if one exists, to have predicted that the longest NBA winning streak right now belongs to them.

Yes, the Knicks have won seven straight, are going to the playoffs, and surged all the way to +25000 (250-1) at DraftKings futures. They are half a game out of fourth.

Julius Randle, the runaway choice for the league’s most improved player, sparks the resurgence.

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The Biggest Implications For The DraftKings And Dish TV Deal Could Be Yet To Come

The news of a DraftKings Dish TV deal may not have many immediate implications but with a little more innovation, could grow into something.

As it stands right now, the DraftKings Dish TV deal isn’t much more than a way to activate an Internet script. With a little more innovation, however, this partnership could play a major role in making New Jersey sports betting a hallmark of consuming live sports.

The two companies announced their partnership Wednesday, marking a first in a couple of ways. If they’re able to fully flesh it out, there could be many copycats in the coming years.

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Details on the DraftKings Dish TV deal

As Dish continues to lose pay-TV subscribers by the thousands partially due to ever-rising costs for consumers, offering new or updated amenities within the service becomes crucial. When Dish inevitably raises its price to access its satellite television feed again, it will have a DraftKings application to include in its sales pitch of “no, really, we didn’t just decide to charge you more for the same service that you used to get at the old price.”

Within the Dish TV Hopper platform, subscribers will soon find the app. It isn’t a fully functional DraftKings app akin to that which New Jerseyans have on their mobile devices, however.

In fact, cell phones and tablets are crucial components of the process. Here’s how it will work.

Let’s say you’re watching a Brooklyn Nets game and you want to see where the live betting lines are at. All you have to do is say, “launch DraftKings” to your remote or select DraftKings from the App Menu.

On your screen will appear live odds from an array of NCAA men’s basketball, NBA, and NHL events. If you see a market you like, you can initiate the bet. That’s all you can do, though.

The DraftKings app on your Dish TV will then send a text message to the number connected to your Dish TV account. From there, you’ll complete the process of placing your wager using the DraftKings app on that device.

You can also set recordings and watch live sports that correspond with bets you have already placed or that pertain to a DraftKings daily fantasy sports entry. The limitations of this platform may make it kind of superfluous right now, but with a little work, it could become essential.

Limited and redundant

Really, the only benefit of this application is that you can browse some of DraftKings’ markets without having to take your eyes off the game. Dish TV apps can operate in a picture-in-picture format.

There’s really nothing stopping you from just pulling up the DraftKings Sportsbook app on your phone as you’re watching the game. On that device, you can go through the entire process of selecting the bet you want, no initial text message necessary.

Additionally, accessing DraftKings that way gives you a fuller experience. Right now, if you’re watching an MLB, European soccer, or PGA event, the app on your Dish TV isn’t of much use for betting purposes.

Another downside of going through your satellite service to place your bet is that by the time you access the odds for in-game markets on your phone, the lines may have moved. So, you may not be as keen to finish the wager as you were when you initiated the process.

Still, this has a lot of potential. These two companies will mostly realize it as technology improves.

What the future could hold

There are two important reasons it’s a good thing you can’t complete the process of placing a bet completely using your Dish TV satellite console currently. Technology can help with both.

The first is responsible gambling concerns. Minors – and people with compulsive gambling issues – can work TV remotes. Requiring the second step, with all the Know Your Customer tools in the smartphone app, greatly reduces the chance of a vulnerable person gambling. Obviously, it’s also against the law for anyone under 21 or on a self-exclusion list to gamble.

The other reason is that the Dish TV consoles probably aren’t capable of providing the same level of verification that smartphones and tablets are. That is something that could eventually change.

If that ever becomes the case, then you might someday be able to place a bet on your TV without having to take your eyes off the game. If Dish and DraftKings can figure that out, everyone else in the industry will rush to replicate it.

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Turn $1 Into $100 With A Made 3-Pointer At DraftKings Sportsbook

A new DraftKings Sportsbook basketball promo for first-time depositors offers $100 in free bets for a wager of just $1. You pick the bet.

Most men’s college basketball and NBA games involve one team hitting at least one 3-point shot attempt. Thus, a new DraftKings basketball promo for first-time depositors has the same feel of maximizing an offensive possession.

New Jerseyans who haven’t yet made a deposit at DraftKings Sportsbook can turn a wager of just a dollar into $100 in free bets with this deal. However, it’s important to understand the terms of the promotion beforehand.

You must use this link to claim this DraftKings Bet $1 Get $100 with a made 3-pointer

The details of the latest DraftKings basketball promo

The deal is now active, through the rest of February 2021. It’s only for bettors who haven’t deposited funds with DraftKings yet, though.

To activate the deal, make a first deposit of at least $5. Then, wager at least a dollar on either the moneyline or spread of any men’s college basketball or NBA game before the game tips off. There is no maximum, but wagering more won’t increase your bonus here.

If any player on the team you stake hits at least one 3-point shot during the game, you get the bonus. The bonus funds are independent of your moneyline or spread wager.

Say, for example, you took the Brooklyn Nets odds to cover +2.5 points at -109 against the Los Angeles Lakers. Further, suppose you wagered just a dollar on that market.

If Kyrie Irving (or any other Nets player) hits a three, you’d get the $100 in free bets regardless of whether Brooklyn covers the spread. If the Nets were to end up covering, you would also get $1.92 in winnings.

If Brooklyn failed to cover, you would still get the free bets. There’s some more information you need from that point, though.

The free bets will come in four $25 increments instead of one $100 credit. Additionally, the promotional funds expire after seven days. The site credit is not redeemable for cash.

While you can’t wager on NJ college teams, there are still many other options over the final week and a half of this month of local relevance.

Dates to consider for using this promo

The Lakers and Nets square off in Los Angeles on Thursday night. Other highlighted dates for the rest of February include:

  • Friday, Feb. 19 – Chicago Bulls at Philadelphia 76ers
  • Saturday, Feb. 20 – No. 13 West Virginia at No. 12 Texas
  • Sunday, Feb. 21 – Nets at Los Angeles Clippers
  • Monday, Feb. 22 – Stanford at No. 17 USC
  • Tuesday, Feb. 23 – 76ers at Toronto Raptors
  • Wednesday, Feb. 24 – Nebraska at No. 5 Illinois
  • Thursday, Feb. 25 – Dallas Mavericks at 76ers
  • Friday, Feb. 26 – SIU at No. 22 Loyola
  • Saturday, Feb. 27 – Dallas at Brooklyn
  • Sunday, Feb. 28 – No. 11 Iowa at No. 4 Ohio State

With these dates and more filling the calendar for the rest of this month, there are plenty of opportunities to turn a dollar into $100.

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Jolly Ol’ St. Chuck And FanDuel Sportsbook Delivering Holiday Odds Boosts

FanDuel Sportsbook customers can now wager on Charles Barkley boosts as part of a deal between the former 76er and the NJ sports betting operator.

You’ve seen Charles Barkley host Saturday Night Live, play golf and try to convince Shaquille O’Neal that Earth is closer to the moon than Atlanta is to California.

But have you seen Charles Barkley promos for daily fantasy sports and NJ sports betting enthusiasts?

Thanks to FanDuel, New Jersey bettors can now do so. Jolly Ol’ St. Chuck is starting out the fun with some deals this week. It’s part of a multiyear partnership between Barkley and FanDuel Group.

Details of the Charles Barkley promos

Whether you play daily fantasy sports games, bet on sporting events or both at FanDuel, there’s something in St. Chuck’s bag for you this week. The gifting begins today with free site credit for all FanDuel Sportsbook customers.

FanDuel plans to offer more free site credit tomorrow as well. Because Barkley, the former Philadelphia 76er, rose to prominence as an NBA player, FanDuel is also offering special Barkley Boosts for the five NBA games on Christmas Day.

Two others are available for tonight’s opening night action:

  • Steph Curry to be top points scorer in Warriors-Nets game, now paying +240
  • LeBron James to score over 21.5 points versus Clippers, now paying +100

The max bet is $50 on both odds boosts.

DFS players can enjoy a free entry, for use anytime from now through Christmas Day. Barkley’s entry into the Basketball Hall of Fame was accompanied by the retirement of his number, 34, so FanDuel is donating 340,000 meals to Feeding America.

“Charles Barkley is an American sports icon, a television legend and gaming royalty, so he’s the perfect person to ring in the holidays for our customers,” said Mike Raffensperger, chief marketing officer of FanDuel Group. “For the next few years, we look forward to amplifying his voice, and adding Barkley’s one-of-a-kind personality will continue to differentiate FanDuel and make sports betting fun for everyone.”

This partnership could be viewed as an extension of the deal between FanDuel and Turner Sports. Earlier this year, the two companies made a deal to include FanDuel in Turner’s NBA content.

“The Inside the NBA crew and I really enjoyed working with FanDuel during last season’s playoffs, and I’m grateful to now be their brand ambassador,” said Barkley. “FanDuel helps our show be more informative and interactive, and they do it in a way that any knucklehead could understand. So even if your team is down by 20 in the fourth quarter, with FanDuel, you’ll have a reason to keep watching.”

New Players get a Risk Free Bet at FanDuel Sportsbook

Barkley joins a growing community

Barkley isn’t the first former professional athlete, even just within the ranks of former NBA players, to ink such a deal. For example, Allen Iverson is a longtime PointsBet spokesperson.

FanDuel itself has a similar deal with former NFL player Pat McAfee. Spokesperson roles haven’t necessarily always gone to former athletes, however. Actor, musician and producer Jamie Fox is a spokesperson for BetMGM.

And Barkley previously did an ad campaign with DraftKings Sportsbook.

These partnerships are a win for both parties. This one allows Barkley to further cash in on his notoriety and gives FanDuel a new way to market its products. This week, NJ bettors and DFS players can enjoy some benefits as well.

Dreamstime photo