Thursday, June 13, 2024
HomenewsNew York Is Catching up To New Jersey in Terms of Sports...

New York Is Catching up To New Jersey in Terms of Sports Wagering, Though.

The centre of sports gambling is New Jersey. You didn’t anticipate that ten years ago, did you?

However, that is exactly what PASPA—the Professional and Amateur Sports Protection Act—has turned into since it was repealed by the New Jersey Supreme Court in 2018. Since sports betting was legalised, New Jersey has made a staggering $31 billion, more than any other state in that time period.

However, that advantage is rapidly disappearing as New Yorkers continue to demonstrate their obsession with sports betting.

Without a doubt, the centre of basketball, culture, and commerce will soon add sports betting to its illustrious list of accomplishments.

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As you can see in the graph above, New Jersey has a sizable lead over the competition, but New York has declared this year to be the year of sports betting.

More than $14 billion was wagered in New York in 2022, more than twice as much as the next-highest state (New Jersey). By 2025, New York expects to surpass New Jersey as the largest handler of sports wagers.

There is no doubt about it: New York and New Jersey are where sports betting ends and begins. The only thing the Big Apple’s gamblers are missing is one or two casinos.

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