New Jersey’s Sports Betting Is Here To Stay

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New Jersey is the king of the sports betting world.

New Jersey’s sports betting market opened in 2018. New Jersey finished 2020 as the largest sports betting market in America with over $6 billion in wagers.

After recording more than $4.5 billion wagered in 2019 – the first full calendar year of legal betting – New Jersey finished 2020 as the largest sports betting market in America with over $6 billion in wagers placed.

New Jersey reports $747 million in wagers for April. That’s actually down 13% from $859.6 million in March, but up 1,270.1% over the $54.6 million in April 2020. That’s the first full month of sportsbooks affected by pandemic-related shutdowns.

Basketball Society Online noted back in the spring that New Jersey equaled $1.087 billion in revenue in the past year, and football garnered $269 million. Baseball followed football and basketball at $4.5 million, with parlays equating to about $560 million.

An October 2020 study from the American Gaming Association indicates that Americans legally bet an estimated $3 billion. The study also shares that sports betting revenue were up nationwide last year by 53.5 percent year-over-year, which added up to $237.5 million.

Over the web, sports betting has become an industry that creates billions of dollars in income, and folks are going about it, including social media.

Take Los Angeles Clippers superfan Clipper Darrell, who posts sponsored ads via his Instagram account for Fantasy Basketball picks.

Bally Sports Network’s NBA analyst, Brandon “Scoop B” Robinson, has also joined in on the fun. He hosts a weekly Instagram Live show with Sirius/XM Radio host and porn legend Lisa Ann. The dynamic duo gives their prediction on NBA games and how things pan out. “It’s a trend,” says Scoop B, an alum of Ramsey, New Jersey’s Don Bosco Prep.

“It’s a trend now. It’s a growing trend. But a trend is a trend, right? Consistency is a virtue in this industry and so many are merging their love for sports and treating it like the stock market? AMC stocks, Moderna stocks and the Brooklyn Nets’ chances of winning the NBA Finals this season all seem to be investments folks are willing to make. It’s amazing to see how folks are enhancing their portfolios. My golly.”

While New Jersey is making waves in the sports betting space, so is neighboring New York. According to The Action Network’s Darren Rovell, NY Gov. Andrew Cuomo has signed a bill to bring mobile sports betting to New York. Action Network also says NY state senator Joe Addabbo estimates that first bets will come in before the end of 2021 and will be fully functional by the Super Bowl.

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Tags: Brandon Scoop B Robinson, Clipper Darrell, Darren Rovell, NBA, Sports Betting, The Hype Magazine