‘This is just the beginning’: State set for massive Super Bowl bets, but more is coming

Sportsbooks in New Jersey stand to reap the benefits of the Super Bowl now that it’s legal in the state.

News 12 Staff

Jan 23, 2019, 1:33 PM

Updated 1,918 days ago

Share:

Sportsbooks in New Jersey stand to reap the benefits of the Super Bowl now that it’s legal in the state.
People are expected to bet on anything from the winning team, to the length of the national anthem. 
From North Jersey to Atlantic City, and into cyberspace, people in the state have bet more than $1 billion on sports over six months.
"You have a safe environment to wager in,” says Monmouth Park CEO Dennis Drazin. “You're not gonna get your knees broken if you don't pay."

Drazin says Super Bowl Sunday will be the state's biggest day yet.
"But at the end of the day, this is just the beginning," says Drazin.

Like FanDuel, PointsBet U.S. has a deal with the Meadowlands, online only, but the Australian-based company says it's invested tens of millions of dollars to make its mark in New Jersey, with a high-end office in Jersey City, as well as high-end clients. 

"We offer a product called points betting, which is unique in the market," says PointsBet U.S. CEO Johnny Aitken.

"So if Tom Brady passing marker is set at over/under 350 passing yards, and he throws for 400 passing yards, you beat the market by 50 times, and you win 50 times your stake"

Aitken says they have to stand out, and that happened just this week when they offered customers credit back because of the blown call in the Saints/Rams game.

It was a decision made by the company's so called karma committee.

"I would have thought the Saints would have won and not only won but covered the line therefore the karma committee kicked in and made that ruling," says Aitken

Aitken is hoping the committee will recruit new bettors.
They have 50 employees in Jersey City, ready to move to other states as sports gambling becomes legal.


More from News 12
2:31
NYPD: Fordham shooting kills 34-year-old man, leaves another man critical

NYPD: Fordham shooting kills 34-year-old man, leaves another man critical

1:56
Early morning showers lead to sun, clouds and breezy conditions for NYC

Early morning showers lead to sun, clouds and breezy conditions for NYC

1:04
DOT adds $6 million to boost overnight and evening deliveries over peak hours

DOT adds $6 million to boost overnight and evening deliveries over peak hours

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

0:20
MTA service alerts system now includes bridges, tunnels

MTA service alerts system now includes bridges, tunnels

0:23
Police: 2 men wanted for robbing Gamestop store at knifepoint in East Tremont

Police: 2 men wanted for robbing Gamestop store at knifepoint in East Tremont

0:24
NYPD: Suspect at large in West Concourse stabbing that left victim in grave condition

NYPD: Suspect at large in West Concourse stabbing that left victim in grave condition

2:07
Two NYPD officers arrested and facing multiple charges of sexual assault

Two NYPD officers arrested and facing multiple charges of sexual assault

1:57
Security heightened at Bronx Home Depot following customer complaints of uncomfortable encounters

Security heightened at Bronx Home Depot following customer complaints of uncomfortable encounters

DA: 3 teens indicted for killing bystander, wounding 4 in subway shooting

DA: 3 teens indicted for killing bystander, wounding 4 in subway shooting

1:53
Bronx bookworms take part in writing workshop for World Book Day

Bronx bookworms take part in writing workshop for World Book Day

1:57
State taxi federation raises reward for information to help stop carjackings, robberies

State taxi federation raises reward for information to help stop carjackings, robberies

1:42
Irish consulate general joins BP Gibson for a Woodlawn walkthrough

Irish consulate general joins BP Gibson for a Woodlawn walkthrough

1:00
Fordham Road BID discusses local improvements made, offers a look toward the future

Fordham Road BID discusses local improvements made, offers a look toward the future

1:56
MTA meets with riders in Fordham to hear their concerns with current transit system

MTA meets with riders in Fordham to hear their concerns with current transit system

0:59
City now has power to padlock illegal cannabis stores

City now has power to padlock illegal cannabis stores

1:30
NYPD: Shooting suspect linked to death of 24-year-old in Melrose still on the loose

NYPD: Shooting suspect linked to death of 24-year-old in Melrose still on the loose

0:30
Bronx hip-hop star MC Sha-Rock, Bronx Historical Society offering $1,000 scholarship

Bronx hip-hop star MC Sha-Rock, Bronx Historical Society offering $1,000 scholarship

1:44
'I can sleep better.' Longwood resident thanks News 12 for report on Bruckner Expressway construction noise

'I can sleep better.' Longwood resident thanks News 12 for report on Bruckner Expressway construction noise