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It has already been rumored that Wynn Resorts has been shopping its WynnBET sportsbook operation at a heavily discounted price. Caesars Sportsbook, BetRivers, Barstool Sportsbook and PointsBet makeup most of the next tier of competitors. A few additional states such as Ohio are working through the regulatory process to go live.įanDuel, DraftKings and BetMGM remain the three biggest sports betting operators in the country based on market share. The biggest markets in the US offer legal betting online. Penn National Gains Approval to Acquire Canada’s theScoreĬurrently, there are 30 states plus the District of Columbia offering legal sports betting in some form. Resorts will continue to offer retail sports betting through its on-site DraftKings sportsbook. However, there are still operator agreements in place with DraftKings, FOX Bet and Barstool Sportsbook. Online sports betting will no longer be available through. The online business is the second most in the state behind MGM Resorts/Borgata. Resort’s land-based gaming operation took in $168.6 million according to New Jersey gaming records. The online GGR topped $450 million in 2021. The casino is generating more gross gaming revenue (GGR) online than its land-based gaming venue. However, that did not translate to a profitable run for online sports betting. Resorts Atlantic City has been able to build a profitable business for its iGaming operations.

Competition from major commercial operators such as FanDuel and DraftKings are gaining market share at the expense of smaller competitors. Industry analysts are predicting further consolidation of resources as markets continue to mature. However, Resorts’ decision to cease its online sportsbook operations is not all that big of a surprise. Laws also paved the way for online betting through mobile sportsbook apps.įlash forward to 2022 and New Jersey sportsbooks remains a major player in the legal US sports betting industry. NJ quickly became one of the first states to offer legal sports betting through retail sportsbooks in Atlantic City casinos and in-state race tracks. A landmark decision by the US Supreme Court in May of 2018 ruled in the Garden State’s favor. New Jersey actually led the fight against the federal government to give individual states the right to govern and regulate legal sports betting. New Jersey’s Sports Betting Market Sports Betting Industry Consolidation New Jersey’s Sports Betting Market

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