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theScore Enters New Jersey Sports Betting Market
August 27, 2019 Alex Hoffmann
Digital media company from Toronto, Canada, known as theScore, has been granted a license approval by DGE (Division of Gaming Enforcement) to provide sports betting services in New Jersey.
It is actually the group’s subsidiary that has been given authority to enter The Garden State’s online and mobile sports betting market. Namely, Score Digital Sports Ventures is looking forward to expanding its field of activity in the country’s hottest betting landscape, promising not only “holistic sports media but supreme wagering experience as well,” says John Levy, founder and CEO at the company.
Levy has also implied, that launching a sportsbook in NJ represents “a huge milestone and a result of the tireless hard work” which should prove highly advantageous at the beginning of football season in early September.
Silent Diversion
For the record, theScore entered into an agreement with Penn National Gaming, just one month earlier. This collaboration entitles the sports news company to deliver online and mobile sports betting apps in 11 (out of 43) states where Penn National operates casinos and racetracks.
North America’s largest regional gaming operator has recently acquired Greektown Casino-Hotel in Detroit, Michigan. The entire transaction reached $300 million in cash and it was partially financed with “incremental borrowings under the company’s revolving credit facility.”
Record Revenues in Sports Betting
The New Jersey Division of Gaming Enforcement has also reported a steady revenue growth in online poker, online casino and sports wagering. The betting handle has sured $250 million for the first time, according to the latest monthly figures, and Pennsylvania is the next to follow, hitting approx. $60 million two months after legalizing sportsbooks across its territories.
Based on that, Levy added:
“This is a significant moment for theScore, becoming the first media company in North America to announce its plans to launch online and mobile sports betting in the United States. Sports betting has long been part of our company DNA in how we’ve delivered content to fans. Providing the ability to actually bet on games is the natural next phase for theScore.”
As stated by Dennis Drazin, CEO and chairman of Darby Development LLC, which operates the Monmouth Park Racetrack (license holder of theScore), the sportsbook delivers the best-in-class app across North America, allowing it to engage with experienced operators and audience.
Drazin also said that operators “will power theScore’s digital sports betting platform” and welcomed the company’s presence on NJ sports wagering market.
In the final analysis, the start of the professional football season has got some experts and industry watchers talking about a sports betting supremacy between Nevada and NJ…
It is very unlikely that the amount of total wagers on NFL games in the Silver State could be outdone by the growing number of enthusiastic sports fans in NJ… although, the overall success in a relatively short period of time is a sign of a rather fuzzy forecast, which might start an entirely new reign in sport betting across the United States.
Source:
“theScore gains New Jersey sports betting approval”, Wojtek Malinowski, gamblerspost.com, August 23, 2019.
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This is great news and I’ve been a fan of thescore for quite some time. As far as it goes to suring Nevada’s betting handle, at least in sports, I’m pretty sure this could be the missing puzzle. We’ll just have to sit down and wait for it.