New Jersey gambling isn’t just about sports betting, though. Caesars, Pointsbet, BetRivers, and a few others comprise the bulk of the remaining share. However, the market share is EXTREMELY top-heavy, with FanDuel capturing over 50% of market share and continuing to climb, while BetMGM and DraftKings battle out for a much lower share in the 2nd and 3rd slots. NJ is regarded as a proving ground for new sports betting companies entering the US market – if you can make it in NJ, you can make it anywhere. New Jersey is the envy of the country when it comes to betting handle – routinely topping $1 billion in total wagers handled by sportsbooks. NOW, though, NJ has over 20 legal sportsbooks that allow online sports betting. New Jersey sports betting launched in June 2018, with just a handful of online sportsbooks at that juncture. New Jersey flew out of the gate after the 2018 overturn of PASPA allowed for legalized sports betting.
