Saturday, September 8, 2018

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"Everything online is trackable to you as a player," says Stetz, COO at Rush Street Interactive/ playsugarhouse.com while talking about the Sugarhouse platform."You as a player ... are able to see in real time whenever you wish how many transactions you have done, how much you've wagered, how much you've won, how much you've lost, your current balance, etc." Online, players are able to set limits that can help them manage their spending. Whether that means a limit on time spent gambling, on money spent while gambling or on money lost while gambling, each gamer can choose what limits need to be set. The ability to set limits can help players make sure not to go over their budgets, and not to spend too much time on the site. Also, if a player starts to lose too much money, they can easily establish limits at any time. These are things that are simply not going to happen in a brick-and-mortar casino.

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Numbers released by the New Jersey Division of Gaming Enforcement this week showed two significant things. The first is that NJ sportsbooks have taken in more than $57 million in bets since launch in mid-June. The second is that the operations earned just $7.3 million of that in revenue. The state’s land-based sports betting revenue tax rate sits at 8.5 percent. Therefore, New Jersey’s piece of the pie has amounted to approximately $620,500 so far. It’s a number that isn’t going to make a significant dent in New Jersey’s $37.4 billion budget. It’s true the state’s legal sports betting industry is just getting off the ground, and doing so in a traditionally dead time for sports. After all, the NFL and NBA seasons don’t get going until the fall. But, it may still be awhile until sports betting even approaches online casino. The New Jersey online gambling industry set a new record in July , generating close to $26 million in revenue. There’s every reason to believe it will continue to post similar numbers going forward.

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