Tuesday, July 16, 2019 Contact us
iGaming.org

New Jersey approves Australian Company for sports wagering


New Jersey approves Australian Company for sports wagering

New Jersey has given nod to an Australian sports book provider for offering online sports wagering. The state Division of Gaming Enforcement said on Tuesday that it will let PointsBet conduct betting for an affiliation with the Meadowlands Racetrack. Company would operate online FanDuel that runs in-person and existing online sports book at the Meadowlands.

The company offers its customers an unusual product which lets gamblers win or lose varying upon the final score of an event. New Jersey’s sports wagering market is growing rapidly and the market has generated nearly worth $600 million. The Supreme Court has lifted the federal ban on sports betting and it seems like the market of New Jersey is making the most of it. In less than 6 months it has generated huge  benefits. Moreover, the figures of November are yet to be released.

The National Basketball Association sealed a deal on Tuesday with the Stars Group as an official gambling operator. NBA is now entitled for using NBA betting data and league marks across its digital platforms. BetStars is currently operating under the Stars Groups. Alongwith this, PokerStars and Full Tilt among its many online brands and it has also an affiliation with Resorts Casino Hotel in Atlantic City.

The Stars Group will now be promoted across NBA’s digital platforms which includes NBA TV, NBA.com, the NBA social media platforms. The Stargroup would also now be promoting the National Basketball Association.