The Week In Sports Betting: New Jersey Gets Another Sportsbook, FanDuel Makes A Deal

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ocean resort casino

It’s been seven weeks since the US Supreme Court decision ushering in a new era of legal sports betting. Don’t know about you, but we’re still kind of pinching ourselves about it all.

In the meantime, Delaware and New Jersey have both launched their own regulated industries alongside Nevada’s. Several more states are set to join in the coming months, and plenty of others are working their way into the conversation. We’ve had new partnerships to talk about every week, too, and that’s the case once again this week.

Want to know pretty much everything that happened around the industry during the last seven days? You’re in the right spot.

New Jersey gets two casinos and a sportsbook

Atlantic City put its party hat on this week. On Thursday, two of the city’s shuttered Boardwalk casinos re-opened hours apart.

The former Trump Taj Mahal is now Hard Rock Atlantic City, and the $500 million renovation looks like money well spent. The property is immaculate, and the focus on entertainment was evident in the grand opening performance. It was, indeed, pretty grand. Guitars were smashed.

Hard Rock AC doesn’t have a sportsbook yet, but Chairman Jim Allen says it’s only a matter of time. Expect to hear more about his plans for NJ sports betting in the next 30-60 days. The Hard Rock online casino is already up and running.

The Boardwalk did get a new sportsbook, though — its first one, in fact.

The “old” Revel/TEN reopened as the glorious Ocean Resort Casino while the confetti was still falling at Hard Rock. Owner Bruce Deifik hosted the ceremonies for his monolithic property, joined on the steps by actor/restauranteur Mark Wahlberg.

Deifik has made sports betting a focal point of his plans since purchase, and a partnership with William Hill US allowed the Ocean to take bets on Day 1. The sportsbook is still being finished, but PlayNJ took a sneak peek inside if you’re curious how it looks. Wahlberg placed the first bet on the New England Patriots.

We keep saying the casinos opened on Thursday, but they actually welcomed guests the moment they received approval on Wednesday afternoon. Time is money in the casino business, you know.

The guys on TheLines Podcast spent some time talking about the openings, too.

States creeping a little closer

A handful of states that are stalking legal sports betting put another foot forward this week.

It’s also worth giving Nevada some love.

Despite the cancelation of the Canelo/GGG fight, NV sports betting totaled $315.5 million in May. That’s just shy of a record for the month, ending a two-May skid. Books won $20.5 million, good for a tidy 6.5-percent hold.

Daily fantasy sports betting

Category: Before & After. I’d like to solve the puzzle, Pat. “Daily. Fantasy. Sports. Betting.”

Sports betting and daily fantasy sports will never fully merge into one vertical, but they’re certainly migrating toward each other with a quickness. The two primary DFS operators, DraftKings and FanDuel, continue to pivot hard toward the more-lucrative industry. And who can really blame them?

There was one major DFS headline this week, plus a couple other things worth highlighting.

The delicious leftovers

The bad takes continue to die down enough that we don’t need to call folks out in their own section of shame. Phew. Instead, here are some miscellaneous takes and other tidbits that cropped up over the week: