Connect with us
NSoft

Latest News

New York Jets search for a sponsor from gambling industry

Published

on

New-York-Jets-sponsor-from-gambling-industry New York Jets search for a sponsor from gambling industryReading Time: 2 minutes

 

In an obvious sign of the growing popularity of the newly legalized sports betting in the country,  New York Jets, the NFL team from the New York Metropolitan Area, has started looking for a team sponsor from the betting industry. The team sponsorship is worth about $750,000 to $1 million for a year.

The NFL has already started to allow casino advertising at its stadiums. The Dallas Cowboys, another NFL team, has signed a first-of-its-kind partnership with WinStar World Casino of Oklahoma.

Only four months after the Supreme Court legalized sports betting, no fewer than eight New Jersey racetracks and casinos are expected to be up and running with in-person sports books by the time the 1 p.m. games kick off, and six will offer online sports betting for people in the Garden State.

Monmouth Park and Caesars Entertainment received final approval Friday from the New Jersey Division of Gaming Enforcement to take online bets.

The Hard Rock Hotel & Casino and Tropicana Atlantic City are still working on getting licensed and may be able to take bets in the near future, a source said.

The New Jersey law allows only racetracks and casinos to be able to offer sports betting. Both FanDuel And DraftKings have affiliations allowing them to offer online wagering to those in the state. The Meadowlands, while DraftKings has aligned with Resorts Casino Hotel.

Projections are that the Garden State will surpass Nevada in sports wagering revenue by 2021, according to Chris Grove, managing director at gaming analyst Eilers & Krejcik.

By that year, New Jersey sports books will be taking in $3.4 billion in sporting wagering revenue, with profits estimated at $442 million, according to Grove.

The $3.4 billion is roughly the same as the money that is presently bet on New Jersey state lottery tickets.

“In Nevada, about half of the total handle in the local’s market is bet through mobile devices,” Grove said. “We expect New Jersey to fall around a similar number.”

New Jersey taxes are 9.75 percent on brick-and-mortar bet profits, and 14.25 percent for online wagers.

New Jersey is the state with the largest population taking sports bets this football season. Next season, Connecticut, Oregon and Pennsylvania may be ready for action.

New York may not go live, at least for internet sports betting, until 2021, Grove said.

 

Source: nypost.com


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

$9 Million Gift Galvanizes Tribal Gaming and Law Programs at UNLV

Published

on

UNLV-SanManuel $9 Million Gift Galvanizes Tribal Gaming and Law Programs at UNLV  Historic agreement with San Manuel Band of Mission Indians will support teaching, education, and training opportunities for students, professionals, community members, and Native American tribes. UNLV announced a $9 million gift from the San Manuel Band of Mission Indians that will position the university as the nation’s leading source for education and innovation related […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Million Gift Galvanizes Tribal Gaming and Law Programs at UNLV

Continue Reading

Latest News

Jamul Indian Village Tribal Leaders to Speak at TGPN’s 2020 Women in Tribal Gaming Symposium

Published

on

jamul Jamul Indian Village Tribal Leaders to Speak at TGPN’s 2020 Women in Tribal Gaming Symposium  With a top sponsorship and significant speaking responsibilities, Jamul Indian Village (JIV) will have a major role at the upcoming Tribal Game Protection Network’s (TGPN) 2020 Women in Tribal Gaming Symposium.  The event will take place February 25-27, 2020 at the Morongo Casino Resort & Spa, located at 49500 Seminole Drive in Cabazon, CA.  The TGPN […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Jamul Indian Village Tribal Leaders to Speak at TGPN’s 2020 Women in Tribal Gaming Symposium

Continue Reading

Latest News

Team Nigma Are the Champions of WePlay! Mad Moon

Published

on

team-nigma Team Nigma Are the Champions of WePlay! Mad Moon  Team Nigma faced Team Secret in the Grand Finals. WePlay! Dota 2 Tug of War: Mad Moon with a prize pool of $300,000 took place on February 19–23, 2020. The final day started with the Lower Bracket Finals, where Team Nigma defeated Virtus.pro with a 2:0 score. The winners of the two most recent DPC […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Team Nigma Are the Champions of WePlay! Mad Moon

Continue Reading

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.