New Jersey gets five sports betting applications; IGT to partner with FanDuel at Meadowlands

New Jersey gets five sports betting applications; IGT to partner with FanDuel at Meadowlands

  • Associated Press
July 17, 2018 4:01 AM
  • Associated Press
  • Other

ATLANTIC CITY, N.J. (AP) – New Jersey regulators have received five additional applications from gambling companies seeking to start offering sports betting before football season starts in September.

David Rebuck, director of the state Division of Gaming Enforcement, told The Associated Press that his agency received two new applications from brick-and-mortar facilities, and three applications for mobile sports betting by a deadline he set of Monday evening.

He would not identify the applicants, saying it’s up to the companies to identify themselves.

“Everybody wants to be fully functional by the end of August,” he said. “We’ll see.”

Slot machine giant International Game Technology, however, said it will provide the sports betting platform to FanDuel Group, the company which opened a sports book over the weekend at the Meadowlands Racetrack in New Jersey.

In a statement released Monday after the stock markets closed, IGT said FanDuel, a subsidiary of United Kingdom-based Paddy Power Betfair, would team up at the racetrack, which is adjacent to MetLife Stadium, home to the New York Jets and New York Giants.

IGT said the combined technology between the companies will include self-service kiosks and other retail services, as well as FanDuel Sportsbook-branded online and mobile wagering.

“IGT’s sports betting technology combined with the expertise of FanDuel represents two experienced, complementary sports betting companies coming together to create a reliable, world-class sports betting experience in New Jersey,” Enrico Drago, IGT senior vice president said in a statement.

Meeting the deadline means state regulators expect to be able to consider their applications in time for the outlets to begin sports betting by the start of football season at the beginning of September, should everything be in order.

Not meeting the deadline, however, does not mean an applicant will be fro zen out of the entire NFL season; applications that arrive later will still be considered, although they might not be acted upon before the start of the season, Rebuck said.

Caesars Entertainment applied for permission to offer sports betting in person at Harrah’s casino, as well as at Bally’s casino, which also would service the adjacent Caesars casino. The company also applied for permission to offer mobile sports betting affiliated with all three of its Atlantic City casinos, according to Kevin Ortzman, the company’s Atlantic City regional president.

The Golden Nugget applied for in-person and mobile sports betting, according to its executive vice president, Tom Pohlman. Other potential applicants did not immediately respond to a request for comment Monday.

So far, two casinos, the Borgata and Ocean Resort, and two horse tracks, Monmouth Park and the Meadowlands, offer sports betting in New Jersey.

Rebuck says the division has not heard from three potentia l applicants.

There are 14 potential sports betting licensees: the nine Atlantic City casinos, the three functioning racetracks (Monmouth Park in Oceanport, the Meadowlands in East Rutherford, and Freehold Raceway in Freehold), and two former track sites (Atlantic City Race Course in Mays Landing and the former Garden State Park site in Cherry Hill.)

Rebuck said he expects the division will approve additional sports betting operations in the coming weeks.

“I fully expect that by Aug. 1 we will see additional properties up and running,” he said.

Sports betting took in $16.4 million at Monmouth Park, the Borgata and Ocean Resort during the first two weeks it was offered in June.

New Jersey won a U.S. Supreme Court case in May that cleared the way for all 50 states to offer sports betting should they so choose.

Copyright 2018 The Associated Press.

Copyright Associated Press