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Recent Posts

Interview with an Illegal Bookmaker

November 16, 2018

Week 11 NFL Picks to Consider

November 16, 2018

NFL Free Pick: Packers vs Seahawks

November 15, 2018

MNF Location Move and Spread Adjustment

November 14, 2018

Tua Tagovailoa Injured, Heisman Futures Adjusted

November 14, 2018

Over/Under Between Rams and Chiefs Reaches 64

November 13, 2018

Online Sports Gambling In The US 2019

November 12, 2018

Record High Total Set for Rams vs Chiefs Game

November 12, 2018

Free NFL Pick: Giants vs 49ers

November 12, 2018

How to Play Craps?

November 11, 2018

NFL Free Pick: Cowboys vs Eagles

November 11, 2018

One of the Best Money Managers in the Wagering Business….. Started Out Clueless

November 10, 2018

New Jersey’s Betting Numbers After First Two Weeks

July 12, 2018
sports betting in new jersey report

New Jersey was one of the first states to start offering sports betting as an option shortly after SCOTUS struck down the anti-sports betting rule known as PAPSA. The numbers from those first few weeks have been released to the public. As expected, the numbers aren’t mind boggling.

They report that they have taken in $16.4 million dollars in bets during that time. They also report that betting has resulted in $3.5 million dollars in “revenue”. However, we must point out that that number is dubious in that they have included in that figure all ‘future’ bets. The future bets have not been graded yet because they are not finalized. Therefore the net profit for New Jersey sports betting is just $1.2 million.

Most of the action has been on daily baseball games. In the sports betting business, baseball is considered the “off-season”. Football is when the betting handle (a much debated term that actually means total amount of money wagered) really explodes. Sportsbooks can expect to be about 6-10 times busier during football season than any other.

Only $2.2 million of the handle has been on the 2018 FIFA World Cup. Soccer (European football) is growing in popularity in the United States but is still dwarfed in total viewership by the four U.S. major sports.

Now is the time to start setting up your sportsbook of choice for football season. Also, make sure to check out Free Picks USA for daily free sports picks

 

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