New York Giants Hall of Fame linebacker Harry Carson bet the New York Yankees to win the 2019 World Series on Tuesday morning, the first wager at DraftKings Sportsbook located at the Resorts Casino in Atlantic City. It’s DraftKings’ first physical location in New Jersey and the first on the East Coast, as the Boston-headquartered company continues its push from an online-only operation into physical spaces.
The sportsbook is the second of two at Resorts. The first is Resorts-branded, run by SB Tech and opened earlier this summer.
The new sportsbook features 135 50-inch televisions and a video wall that is more than 1,000 square feet. Rows of club chairs sit in front of the video screen, with a bank of teller windows to the right, and a VIP Lounge to the left. According to the Nov. 14 DraftKings press release, the facility has five teller windows, a full bar, charger stations at each seat and bar-top electronic slot games. The chairs are set stadium-style to allow for unobstructed viewing. The risk-management and trading operation, as well as the 12 sports betting kiosks, are powered by U.K.-based supplier Kambi Sports, which also powers DraftKings’ online sportsbook.
Read more Swanky New DraftKings Sportsbook Opens At Resorts Casino In Atlantic City on SportsHandle.
The good news for the New Jersey sportsbooks in the newly released revenue report for October is a large jump in handle from $186 million in September to $261 in October. The downside is that the bettors took a bigger bite of the books this month than usual, cutting revenue by more than half month-over-month from $24 million in September to “just” $11.7 million in October.
Overall that spells a 4.4 percent hold, down from 13 percent in Sept., which may be partly attributable to baseball (more on this below) and perhaps moreso a lot of “public” teams covering the spread in October NFL contests. The rise in betting handle is almost entirely attributable to the mobile/one sector, which grew from $105 million in September to $174 million in October. On-site sports betting inched up from $79 million in the prior month to $86 million.
Resorts Digital continues to lead the way by a lap on the revenue front, reporting $5.1 million in October, which is nearly half of the entire haul across all sportsbooks for the month. An arm of Resorts Casino, Resorts Digital figures represent DraftKings Sportsbook as well as BetStarsNJ.com. We can no longer parse out which side is driving what, but based on prior figures we can safely say that DraftKings is responsible for the lion’s as well as the cub’s share. Let’s dig in a litter deeper now.
October Brick-and-Mortar Sportsbook Revenue:
- Bally’s: $303K
- Borgata: $120K
- Golden Nugget: $46K
- Harrah’s: $104K
- Meadowlands (FanDuel Sportsbook): $1.1 million
- Monmouth Park: $606K
- Ocean Resort: $438K
- Resorts: $97K
- Tropicana: $15K
A spokesperson for FanDuel Sportsboook said: “Demand for the FanDuel Sportsbook continues to outpace our expectations with online handle 2.5 times higher than September and continued double digit growth in retail handle. It was an exciting month for bettors who won at a high rate on football and benefitted from our industry-leading pricing and odds boosts.”
October Online Sportsbook Revenue:
- Bally’s (combination of CaesarsCasino & 888sport): $108K
- Borgata (PlayMGM): $67K
- FanDuel Sportsbook (Meadowlands): $2.43 million
- Golden Nugget (PlaySugarHouse): $151K
- Monmouth Park (William Hill and PlaySugarHouse): $609K
- Ocean Resort (William Hill): $385K
- Resorts Digital (combination of DK Sportsbook and BetStarsNJ.com): $5.1 million
Read more New Jersey Sports Betting Handle Surges to $261M, Revenue ‘Just’ $11M As Bettors Exact Revenge on SportsHandle.
For the second time this week, DraftKings has announced the forthcoming opening of a physical sportsbook — this time where the post-PASPA U.S. sports betting expansion started, in New Jersey*.
“Construction is near completion on the DraftKings Sportsbook at Resorts, slated to open by late November 2018,” pending approval from the state’s Division of Gaming Enforcement. The Associated Press reports a more specific date — Tuesday, Nov. 20. According to the AP, the sportsbook will be situated in an area where patrons can access it via an entrance off the Atlantic City boardwalk.
But wait, didn’t Resorts already open a sportsbook over the summer, branded Resorts, in conjunction with SB Tech? Indeed it did, but apparently there’s room for more than one operation to co-exist under the same roof, same as the digital arms for each property, which can implement up to three “skins” online.
Read more Physical DraftKings Sportsbook Set to Open At Resorts In Atlantic City on SportsHandle.
The William Hill Sports Lounge, located outside Section 18 on the Main Concourse of Newark’s Prudential Center, is the latest major marketing foray executed by the rapidly expanding U.S. bookmaking operation, William Hill US announced on Thursday.
ESPN reports that because the NHL is not comfortable with the venue being an actual sportsbook in which bets can be placed at windows and kiosks, instead, “company ambassadors” will assist bettors in downloading William Hill‘s betting app to make wagers online.
No opening date for the remodeled and rebranded space has been announced.
The venue, to be open during all New Jersey Devils NHL games, has been created in partnership with the Devils and the Prudential Center and will feature more than 20 digital screens showcasing the world’s most popular sporting events and displaying odds and betting propositions. The William Hill Sports Lounge will be also be open during more than 175 concerts and special events held at the arena annually.
In Las Vegas on Tuesday, New Jersey Director of the State’s Division of Gaming Enforcement (DGE) David Rebuck said that the September sports betting financial reports would be stunning.
They weren’t quite stunning, but the numbers were pretty huge: $184 million betting handle across retail sports betting operations at Atlantic City casinos and two racetracks, with the majority of the betting handle coming online, $104.8 million, versus $79 million across counters in person. Total revenue was just about $24 million, or a roughly 13 percent hold (which is a bit inflated as a result of accounting methods, explained below).
Month-over-month, the $184M represents nearly a doubling from the $96 million betting handle and $9.2 million revenues in August, when only the DraftKings Sportsbook was operating online the entire month, to be joined in Sept. by FanDuel Sportsbook, SugarHouse, William Hill and others. Below let’s dig a bit closer into the numbers.
Read more September New Jersey Sports Betting Handle Jumps to $184M, Revenue $24M on SportsHandle.
Former NFL executive Michael Lombardi, the man multi-Super Bowl winning NFL head coach Bill Belichick called “one of the smartest people I’ve worked with,” is joining the Vegas Stats & Information Network (VSiN).
The Las Vegas-based, multi-media sports wagering information outlet announced Thursday Lombardi will soon spearhead revamped weekend programing from new studio facilities in the sportsbook of the Ocean Resort Casino in Atlantic City, N.J.
The new studio facilities will serve as the home for weekend morning shows featuring Lombardi and current VSiN host Jonathan Von Tobel. The programming, which will debut in the next few weeks, will kick off VSiN’s live weekend offerings at 10 a.m. ET on Saturdays and Sundays.
The post Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More appeared first on SportsHandle.
It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).
Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.
NJ Sports Betting Revenue Exceeds (Some) Expectations And Will Rise Much Higher; Feds May Get Involved In Sports Betting, But How; Much More
A lot to get here. Off the top rope: The NJ sports betting August revenue report came in on Wednesday and the results indicated what we expected: the Garden State market is going to get large.
In a month in which four physical sportsbooks operated throughout and four more for a portion of the month; with the DraftKings Sportsbook operating digitally for most of the month and two more digital launches in the final week, the total handle reached $95.6 million and total sportsbook gross revenue was $9.18 million. The books online — the vast majority by DK — generated $2.97 million on a $21.7 million handle. In retail, the FanDuel Sportsbook at the Meadowlands Racetrack led the way with over $3 million in revenue while no other property cracked $1 million.
The post New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August appeared first on SportsHandle.
The New Jersey Division of Gaming Enforcement on Wednesday released its monthly revenue figures, reporting a total handle of $95.6 million and gross revenue of $9.18 million for the sportsbooks across the seven licensed NJ sportsbooks that reported on the month’s operations.
That’s a hold or win percentage of 9.6. The August report includes for the first time dollars connected to online sports betting, which produced a total of $2.97 million on a $21.7 million handle, or an online hold (win percentage) of roughly 15 percent. The vast majority of both figures are attributable to the DraftKings Sportsbook — meaning DraftKings alone accounted for almost exactly one-third of the monthly revenue.
Read more of New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August on SportsHandle.
The post New Jersey Gets Seventh Mobile Betting Option With 888sport’s Launch appeared first on SportsHandle.
Add the European-based 888 brand to the red hot sports and online gambling market in New Jersey in a move further integrating sports betting with online casino gaming.
888 Holdings is based in Gibraltar and listed on the London Stock Exchange. The company announced today (Monday) that it has set up its first 888 sport brand in the New Jersey, clearing the way for growth in other U.S. markets as they become legal.
Continue reading New Jersey Gets Seventh Mobile Betting Option With 888sport’s Launch on SportsHandle.
Both FanDuel and William Hill debuted their online sportsbooks this past weekend in soft launch phases as the NFL regular season kickoff nears on Thursday, Sept. 6. These trial launches came after the companies received authorization to run a five-day testing period by the New Jersey Division of Gaming Enforcement, according to the Associated Press.
During the trial phase, Sports Handle was able to deposit and observe the FanDuel Sportsbook web platform, but was unable to download the mobile app. The William Hill mobile/online sportsbook is currently operating only on Android for now and was not available for download during a period of “restricted opening hours.”
The post FanDuel Sportsbook And William Hill Mobile Apps Soft Launch in NJ appeared first on SportsHandle.