Sportsbook News - New Jersey Betting-Friendly Laws Reap Rewards
Sports betting is on the rise in the US since the Supreme Court allowed states to legalize the activity. Among the states, New Jersey is the leader when it comes to sports betting handles. New Jersey betting-friendly laws allowed the state to maximize its gambling revenues.
States that want to improve their sports betting revenues should follow the Garden State’s example. Although its sportsbook-friendly laws are just one of the factors contributing to its success, New Jersey has been successful in attracting sports betting dollars.
New Jersey allows players to wager online and in person. Online sports betting software platform is available through phones or computer. In the last nine and a half months, bettors wagered $2.32 billion in the state. Eighty percent of the handles were mobile wagers.
New Jersey residents prefer mobile betting because of the convenience it brings. They can deposit with a credit card, which is not available in some states. Also, there are a few limitations on players. They can bet on all sports offered by offshore and Las Vegas casinos, according to pay per head reviews.
However, the only exclusion is betting on in-state college teams according to reports by a political forum. That means New Jersey players can’t bet on the Rutgers, Monmouth, Seton Hall, Saint Peter’s, Princeton, and Fairleigh Dickinson. Bettors need to be within state borders to place bets.
Residents who are out of state can’t use the sports betting app due to geo-fencing. Non-New Jersey residents can make a bet by visiting the state. If they are within the borders, they can place bets on sports.
Individuals need to be at least 21 years old to place bets in New Jersey. They can place a wager in person in several betting facilities in the state, including Atlantic City casinos and the Monmouth Park Racetrack.
Price Per Head Sportsbook doesn’t have any agent in the state. The government doesn’t allow offshore sportsbooks.
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New Jersey is leading the way and will take over Nevada for good in sports betting soon.
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