In 2018, the United States Supreme Court overturned a ban on sports betting. Since that time New Jersey has become one of the leading states in legalized Sports gambling. NJ raked in a whopping $4 billion in sports bets in 2019 alone. Transit hubs, such as Jersey City, Hoboken and Newark have seen an enormous uptake in New York gamblers headed to the Garden State.
One stipulation of placing online bets, you have to physically be in New Jersey (this is verified by your Geolocation). So New Yorker’s are boarding trains and placing their bets in and around the train station in north Jersey then head back to New York. The peak days to see this activity are Saturday and Sundays.
Nowadays, 80 percent of all legal sports bets in New Jersey are made online. Approximately 20 percent of all New Jersey sports betters are New York Residents.
On weekends there is even a shuttle that takes gamblers from the NY Port Authority bus station to the Meadowlands racetrack. The racetrack is the closest sportsbook to NYC and has become the largest outside of Las Vegas.
This state-hopping will probably end shortly as New York will soon allow legal sports betting. Experts agree full legalization is expected by 2021 or early 2022.
Do you have the scoop on deals in New York and New Jersey? Let us know at Tips@NYNJ.com.