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Assembly Speaker: Expect sports betting bonanza for football season

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"Let’s face it, football Sunday is sort of an event in the United States.” - Assembly Speaker Craig Coughlin - ()

New Jersey’s sports betting market is certain to meet its “first real surge” during this first weekend of NFL’s 2018 regular season, which kicked off Thursday night, according to Assembly Speaker Craig Coughlin.

Coughlin, D-19th District, who laid out his projection Friday on the monthly WCTC “Speak to the Speaker” radio segment, also suggested the beginning of the college football season last week will mean be even higher returns for the sports wagering market in New Jersey.

“College football was in full swing, they started last week [and] the NFL kicked off last night,” Coughlin said. “There will be a surge and this will be the first weekend where we’ll understand where the sports gambling is.”

Coughlin added: “Football is of course the most highly bet-upon sport that there is. Let’s face it, football Sunday is sort of an event in the United States.”

New Jersey’s sports betting laws prohibit patrons from betting college sport events played within the state, or on games out of state that involve New Jersey teams.

To date, patrons have bet $57.1 million on sports betting since it was officially rolled out across New Jersey on June 14.

The most recent betting operation to go live was at Atlantic City’s Golden Nugget Hotel & Casino on Aug. 31.

Also last month, Resorts Casino Hotel went live with in-person sports betting, as well as an online and mobile sports betting venture between the hotel and daily fantasy sports company DraftKings.

The New Jersey Division of Gaming Enforcement, which regulates sports betting, is scheduled to publish numbers Wednesday that show how much sports bettors waged during August.

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Daniel J. Munoz

Daniel J. Munoz

Daniel Munoz covers politics and state government for NJBIZ. You can contact him at dmunoz@njbiz.com.

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