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New Jersey tops Nevada in sports betting

Posted: 6:52 PM, Jun 27, 2019
Updated: 2019-06-27 21:52:35-04

LAS VEGAS (KTNV) — Nevada has lost its long held crown.

New Jersey brought in $318.9 million in the month of may besting Nevada's $317.4 million according to reports from both state's gambling regulatory agencies.

Jennifer Roberts with the U.N.L.V. Inernational Center for Gaming Regulation said one month on top wasn't enough of a sample to label New Jersey the new king of sports betting in the United States, however.

"There's no need to panic," she said, "the concern would be if there's a pattern of declining revenues, if sports betting operations are looking to relocate, or we're losing employment."

Those aren't trends seen in Nevada, because sports betting is still growing there.

It's just hasn't been growing as fast at New Jersey's sports betting economy, which began after a historic 2018 Supreme Court decision lifted restrictions on sports gambling outside of Nevada.

"Sports betting only makes up 2.5% of our gambling revenues." Roberts said.

John Avello, Director of Draftkings Race and Sport Operations, said a more liberal mobile betting policy in Nevada could help them reclaim the top spot in sports betting.

"It's important to loosen the reigns," Avello said.

Draftkings was the first mobile betting platform to operate in New Jersey after they legalized sports betting in 2018.

In New Jersey, a better can register for mobile betting anywhere in the state as long as their in-phone GPS registers them inside of state lines.

In Nevada, a better has to go to a physical location and register their mobile betting with a booking service before they can place bets.

"Retail is great," Avello said, "but the digital product is the difference between being very successful, and just being successful."