After being legalized, sports betting in New Jersey can surpass Las Vegas
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Among the major states in the United States, New Jersey has become the “leader” in promoting sports gambling. In early 2012, former New Jersey governor Chris. Christie signed a legal proposal to allow sports betting in New Jersey.
However, due to the obstruction of four major professional sports tournaments in North America and the NCAA Association, this proposal was not established. Over the next few years, New Jersey did not stop trying, and after the sports ban was lifted, the state became one of the most prepared regions in the United States.
On June 13, with the Governor of New Jersey, Phil. Murphy signed a law about legalizing sports betting. New Jersey game revenue in June reached $ 233 million, up 7.3% from $ 217 million in the same period last year.
Meanwhile, Las Vegas game revenue has dropped. Last December, Las Vegas’s revenue for the whole month was $ 571 million, down 3.2% from the same period last year. Since October last year, Las Vegas’s gaming industry has been declining for three consecutive months. 6%. If both states maintain their current positions, New Jersey will overtake Las Vegas in the next few years and become the new largest “gambling city” in the United States.
According to Adam, analytical director of the US DGS game industry. Smo’s analysis, sports betting will become an important tool for New Jersey to overcome Nevada. In the sports betting industry, consumers are willing to gamble on the Internet for the timeliness of the game, instead of going to casinos to place bets. New Jersey is the first region in the country that promotes online gambling. At the same time, the state’s online gambling industry is currently one of the best in the United States.
On the other hand, New Jersey’s population and per capita income are much higher than Nevada. According to 2017 statistics, New Jersey has a population of nearly 9 million and a per capita income of $ 36,000. In contrast, Nevada has a population of less than 3 million and a per capita income of $22,000, the gap between the two sides very clear.
The legalization of sports betting not only boosts the potential for a large service industry for New Jersey but also brings a large tax.
Of course, Las Vegas also has its own advantages. As a “gambling city” in the United States, Las Vegas is well known and most of the state’s tourism revenue comes from tourists each year. In addition, Las Vegas also has dining and entertainment facilities associated with the gambling industry, which is the reason to attract tourists to Nevada.
In the future, Sports Betting Online NJ will be lifted and issued in more places in the United States. Sports gambling has been allowed in New Jersey, Delaware, Mississippi and Nevada, and West Virginia and Rhode Island are also interested in promoting the Sports Betting Act. With a huge market for sports betting, the US gaming industry will welcome the next big highlight.
Source: Latest News on European Gaming Media Network
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