8 States To Legalize Sports Betting after New Jersey Q3 Revenues Surge

There are eight more American states that are considering legalizing sports betting before the beginning of the upcoming NFL season in 2019. Market experts mentioned to its audience at an event after New Jersey Q3 Revenues Surge.

Due to the abolition of the Professional and Amateur Sports Protection Act in May, New Jersey, West Virginia, Mississippi and Delaware have indeed all legalized regulated sports betting, while Nevada was actually the sole state that already permitted it.US-States-Map

Sportradar’s Vice President of Legal and Regulatory Affairs, Jake Williams, told Reuters at the conference 4 to 8 states will “probably be accepting bets” in time for the next NFL season

He also mentioned that in about two years, generally there may be a total amount of 24 US states permitting legalized sports gambling.

Featured in that lineup is the state of Michigan, with State Representative Brandt Iden saying to the association he anticipates the state to successfully pass a bill to permit mobile gambling in the coming years.

Iden also told Reuters Michigan would consider introducing integrity fees after “spending significant time with the leagues”—regardless of the fact they have not yet been implemented by any other regulators.

By doing so, these states will also permit its local state population to gamble online with sportsbooks such as Bovada, Betonline and MyBookie.

New Jersey performance increases GAN’s Q3 Revenues

gan-logo-numerical-backgroundGAN, which was named the 2015 platform of the year by IGT (International Game Technology), has increased its Q3 profits 40% year-on-year to $27 m, supported by the release of its platform along with its own secondary New Jersey client, Ocean Resort Casino.

The final two quarters have actually been substantial for GAN, as it introduced its sports gambling platform with Ocean Resorts Casino’s online site in July, and September witnessed the company release regulated online sports gambling for PaddyPower Betfair’s FanDuel Organization.

Additionally, Q3 displayed GAN increase its active player days by 9% to merely beneath 3 ½  million.

Dermot Smurfit, CEO of GAN, claimed: “GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming, accelerated by the first month of our US internet sports betting in September. The new key performance indicator ‘gross operator revenue’ identifies the GAN-enabled revenues delivered to our clients operating their simulated gaming and/or regulated gambling business on our technology platform, in which GAN participates.”

The release of Q4 Performance signals for 2018 are set to be in January 2019.

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