Uncategorized

NJ Sports Betting Applicants List keeps Increasing – Golden Nugget Joins the List.

There is no holding NJ Sports Betting back, as a further five applications have been received by the New Jersey Division of Gaming Enforcement just this week. Two of these applications are for land-based sports betting; while the remaining three are for mobile applications.

Of critical importance, specifically for sportsbooks, is to have their licenses granted and to have ironed out all the operational kinks by no later than August, in time for the forthcoming football season. David Rebuck, Director of the New Jersey Division of Gaming Enforcement said that current applications should be processed by no later than 01 August.

New Jersey currently has 4 operating sports betting options: Meadowlands Racetrack, Ocean Resort Casino, Monmouth Park and Borgata.

Caesar’s Entertainment has made applications through subsidiary businesses Harrah’s and Bally’s who intend launching sportsbooks; in addition to making an application for Caesar’s. Applications made by the group are for land-based and mobile licenses.

Resorts, in partnership with DraftKings is another speculated applicant, but this has not been confirmed at this time by either party.

One of the applications comes from a concern we have speculated would be intent on entering the fray with land-based and mobile applications for licenses in NJ. Who might this be? None other than Golden Nugget Online Casino.

As you may recall from our previous reports during the NJ legislative process, a stipulation was suggested which would have barred casino operators with interests in professional sports teams from offering sports betting legally. Fortunately for Golden Nugget, and more especially Tilman Fertitta, the owner of Golden Nugget who owns the NBA’s Houston Rockets; this stipulation was softened and they are now permitted to offer sports betting, with the exception of wagering on NBA games.

Tom Pohlman, Vice President of Golden Nugget has said “While we recognize that today the legislation will prohibit us from accepting wagers solely on the NBA, we hope to persuade the lawmakers over time that the total NBA ban is unnecessary and should be limited simply to the Houston Rockets team owned by Mr. Fertitta.”

It is hoped that New Jersey will revise its position on this legislation so that Golden Nugget NJ is able operate in the same way that they do in Las Vegas, where they are only prohibited from offering betting on the Houston Rockets team.