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The real winner in the market was Draftkings Sportsbook , which sits under Resorts Digital Gaming's license, as they soared to a whopping $2.97 million in their first month of sports betting operations. A noticeable mention goes out to Hard Rock Online Casino as they saw a steady increase in revenues to generate nearly $500k in their second month of operations. NJ Online Sports Betting Could Surpass Casino Wagering Sports betting has the potential to be a real game changer as NJ online sports betting operators gear up and launch their products in peak football season. The question that remains is how sports will impact casino and poker revenues – as replacement wagering or incremental. So far Sugarhouse Online Casino and Caesars Online Casino are the only operators to offer both casino and sports betting on one website, but they only launched in early September. For now there is only one month to analyze, and we saw a 4.22% dip in casino and poker revenue from July to August as sports betting went live. However, with increased marketing coming with football season, and a turn to inclement weather in September, will this rising sports betting tide lift all boats? Based on online sports betting revenues in the first month alone, one thing seems clear – people want safe, secure, and legal ways to bet on sports online in America. The tax revenue implications as more States turn to legalization could be substantial. "Draftkings Sportsbook looks to impress as they have a clear blueprint for success, which they could scale out nationwide," said BonusSeeker.com Casino Editor, Anirudh Vashishth.
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The casino, which won’t be opened until at least 2020, has already purchased an online gambling license. We think that it’s only a matter of time before it drops the required $10 million for a sportsbook permit as well. Valley Forge is one of two casinos classified as a Category 3 Resort venue. The property has already benefited from last year’s expanded gambling law, which allows it to open up its casino floor to the general public, not just hotel guests. We believe that Valley Forge is very likely to delve into sports betting, as it was recently acquired by Boyd Gaming, which has laid plans to dominate online casino/sports wagering in the U.S. In July, Boyd announced a landmark partnership deal with MGM , which would allow both companies to quickly expand into states which legalize sports betting.
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