Bettors Wagered More on Sports in New Jersey than Nevada during May
One of the states to have made the most out of this ruling is New Jersey, who succeeded in topping Nevada in sports betting after only one year.
What a Month for the Garden State
According to available information, the Garden State took $318.9 million in bets, while Nevada took $317.4 million, while the experts predict other states will surpass it in the near future.
There are a couple of factors that made the difference and significantly helped New Jersey surpass Nevada. The population is probably the most important one, as New Jersey has a population of 8.9 million, while there are only 3 million people living in the Silver State.
Commenting on these figures, Westgate sportsbook director John Murray said it was important to note people didn’t come to Las Vegas in May to bet on sports the way they did in September. He added he believed the result would be more important if New Jersey passed Nevada during a month heavy on sports betting, such as February or March.
Jay Kornegay, Westgate sportsbook vice president said one of the reasons New Jersey surpassed Nevada was fewer playoff games in NBA this year. He pointed out the role the New Yorkers had in achieving this result, as thousands of them drove across the border to bet and then returned home.
Raymond Lesniak, a former New Jersey state senator, said the Northeast was a “hotbed” of sports betting and added they were going to leave Nevada in the dust and never look back.
California Could Change Everything
However, Chris Grove, managing director of sports and emerging verticals for research company Eilers & Krejcik Gaming, believes New Jersey could be left in the dust, as states such as Illinois will probably take the title from the Garden State.
He pointed out the states would just cycle through that until California made sports betting legal, and as the most populous of all of them, with 39.7 million people, took the title back.
William Hill sports book director Nick Bogdanovich agrees. He said the sports betting legalization was the litmus test for Nevada and pointed out that was the only thing that could slow them down.
California has made its baby steps towards allowing sports betting, as two lawmakers have recently introduced an amendment that could bring the bill onto the 2020 ballot.
But even if California legalizes sports betting, Grove believes Las Vegas will remain an attractive location for bettors due to other amenities on offer and especially as the city remains the cultural heart of sports betting in the country.
Kornegay also believes Nevada will remain the nation’s top destination for wagering on sports, especially when it comes to big events such as the Super Bowl or the March Madness.
So far the expansion of legal sports betting across the U.S. hasn’t made a significant impact on Nevada, as the state has increased its handle when compared to 2018.