Good news! There is a new mobile NJ sportsbook on the market!
The Associated Press announced that the Division of Gaming Enforcement (DGE) in New Jersey preliminary approved PointsBet to provide NJ sports betting.
Originally based in Australia, the sportsbook cooperates with Meadowlands Racetrack in the so-called “soft play”, meaning that it only operates online in New Jersey.
After the official launch, PointsBet will become mobile sportsbook number nine in the Garden State.
In the beginning, there will be limited betting markets and functionalities. But after that, PointsBet will provide a NJ sports betting product, like no other in the state.
PointsBet Delivers A Distinctive Product On the NJ Sports Betting Market
In July 2018, PointsBet declared its plans to start operating in the online NJ sports betting market in US. The company closed a deal in New York with Tioga Downs and Meadowlands, properties of Jeff Gural.
The product was expected in November 2018, after a public statement in October about the NJ sports betting launch debut.
PointsBet separates itself from other NJ online sports betting bookmakers with its rewarding accuracy, meaning that accurate bets will win more.
Now, when wagering is possible at any time all over the world (counting the USA’s 4 major leagues), it is time for something new. Along with the traditional bets, the operator provides a signature product called Points Betting.
Bettors can expect high risk, high reward stakes. The worth of winnings and losses will be determined by the final number and more exactly – how close it is to its relation to the line.
To explain more clearly: If you bet $10 on the over, you’ll get $100 if you finish with 10 points over. So, if you have -10 points, the loss will be $100.
PointsBet’s unique sports betting NJ online product is definitely something to watch out for, as the other 8 online sportsbooks in New Jersey have been operating for months now.
PointsBet Entering The New Jersey Sports Betting Industry
In 2017, PointsBet started operating in Australia. Johnny Aitken, the company’s CEO, stated in an interview, that the location is a stepping stone to the US.
The company’s plan has always included operating in America, so the business in Australia served as a concept for the US market.
PointsBet is getting closer to the US sports betting launch, with its offices in the Garden State and Points Betting is definitely an advantage for the upcoming NJ online sportsbook.
This NJ online sports betting product will serve as a great benefit on the competitive USA market.
The NJ Sports Betting Family In Meadowlands Is Getting Bigger
PointsBet will be Meadowlands’ skin number two. The racetrack in East Rutherford is already a popular NJ sports betting place. Its cooperation with FanDuel Sportsbook in New Jersey played a big role in that.
The company made the highest revenue from all mobile NJ sportsbooks – $9,925,916, counted from its launch in July 2018.
Even more, the online FanDuel Sportsbook finished second after DraftKings Sportsbook in terms of revenue, earning $5,280,476.