New Jersey Sportsbooks Set for a Further Boost From the World Cup 2022
For many fans, this occasion will also be a great opportunity to bet on the team, and individual players. This is easier to do now than ever before, given the countless online bookmakers in the US, with New Jersey leading the way.
The state legalized sports betting in June 2018, and today there are 24 licensed sportsbooks in New Jersey. This variety of betting opportunities opens the door to a range of betting choices, such as the live betting facilities provided by reputable brands, like Betway.
It’s this different betting options that have helped the sportsbooks of New Jersey to thrive even in the face of competition from the New York betting market, after its recent launch in January 2022.
The continuing high performance of the sports betting market in New Jersey is a surprise to some people who predicted it would be adversely affected by the legalization of sports betting in New York.
However, it seems there is room in the sports betting arena for both markets, as sportsbooks in New Jersey continue to thrive despite the high level of betting directed at New York providers since betting launched there. In fact, a record amount of $1.35bn in wagers was placed in New Jersey in January 2022.
This amount was a 10% increase on December’s total and in excess of the previous record of $1.3bn set in October 2021.
The revenue produced was down to $60.2 million from $82.4 million in January 2021; a decrease of 27%. However, it was up by 2% from December 2021.
The majority of the wagering that took place in January 2022 was done at online sportsbooks. These bets accounted for 90% of total sports wagers in New Jersey.
The wagering levels in New Jersey, and across the US, are expected to be positively impacted by the participation of USMNT at the World Cup.
The team is going to the World Cup finals as the result of its success during a seven-month testing qualifying period. During that period, the youngest USMNT in the history of qualifying played seven home games, as well as seven away.
The result of the team’s overall success in these games is that the USMNT has been drawn in Group B for the World Cup that starts in November 2022.
This group also includes England, Iran, and Ukraine, Scotland, or Wales. The first game for the USMNT will be against either Ukraine, Scotland, or Wales on November 21, 2022.
Soccer fans in the US will be eagerly anticipating the start of the competition and as the tournament draws nearer, they will be heading to sportsbooks to place bets on the USMNT. These actions will further boost sportsbook performance in New Jersey and across the US.