New York Jets Reportedly Seek Sports Betting Partner in New Jersey

12/09/2018 | Categories: Sports Betting News | Published by: Andy Nelson

Updated: 22nd September 2023

[fcrp_feat_sc sc_id=”917″]The New York Jets are supposedly holding talks with a few of New Jersey's functional sportsbooks in a quote to discover a main gaming sponsor for the 2018 NFL season, the New York Post reports pointing out unnamed sources.

Reports emerged soon after a committee of NFL owners cleared the method for sponsorship arrangements in between teams and betting sites that run sportsbooks. It was likewise revealed recently that the Dallas Cowboys have actually struck such an arrangement with WinStar World Casino & Resort to end up being the very first NFL franchise to sign up with a gambling establishment and sportsbook.

According to New York Post sources, an offer in between the Jets and a New Jersey sportsbook might be worth in between $750,000 and $1 million for the season's period. The group has actually decreased to discuss the wagering sponsorship reports. The Jets are set to begin their 2018 season action on Monday versus the Detroit Lions.

It is to be seen whether a collaboration will be revealed ahead of tomorrow's game. It has actually been almost 4 months since the United States Supreme Court overruled the federal restriction on betting on amateur and expert sports leagues, enabling private states to legislate sports wagering if they feel likely to do so.

New Jersey ended up being the 2nd state to release legal sports wagering following the SCOTUS judgment. Presently, 6 of Atlantic City's 9 functional gambling establishments are providing wagering services at brick-and-mortar centers and a few of them have actually gone deal with mobile betting apps. 2 of New Jersey's racetracks are, too, providing in-person sports wagering and among them –– Meadowlands Racetrack, is likewise using mobile/Internet wagering in collaboration with day-to-day dream sports-turned wagering operator FanDuel.

Meadowlands Racetrack is really part of the Meadowlands Sports Complex in East Rutherford, New Jersey, which likewise consists of the MetLife Stadium, the house arena for both the New York Jets and the New York Giants. While it is yet to be seen whether the Jets will undoubtedly strike sponsorship with a New Jersey sportsbook, it appears that possibilities for this sportsbook to be the one at Meadowlands appear to be rather huge.

Months of Legal Sports Betting in New Jersey.

According to details from the New Jersey Division of Gaming Enforcement, the state's sportsbooks generated $7.3 million in wagering income in the duration in between June 14 (when its very first wagering centers went live) and July 31, and processed $57.1 million in sports wagering manage over the exact same duration. August figures will be launched next week and are anticipated to be considerably greater as brand-new gamers signed up with the state's legal sports wagering scene and mobile wagering apps were formally presented at numerous homes.

The quantity of overall wagers put at New Jersey's sportsbooks is anticipated to increase substantially in September as the NFL season remains in full speed and the variety of legal bookies in the state is growing. Inning accordance with an unnamed New York Post source, the quantity of $500 million might be processed in wagering deal with in September.

A current report by gaming analysis company Eilers & Krejcik tasks that New Jersey might exceed Nevada in sports wagering earnings by 2021, generating more than $3.4 billion in income from sports wagering services by that year.

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