Fertitta may get NBA OK

Sep 5, 2019 4:00 AM

Soon it might not matter that Golden Nugget owner, Tilman Fertitta, owns the NBA’s Houston Rockets.

Last Monday, New Jersey’s legislature approved a bill that would allow bettors to gamble on most NBA games at Atlantic City’s Golden Nugget casino. The bill would enable the casino to handle bets on NBA games that do not involve the Houston Rockets, which is owned by Fertitta.

After the U.S. Supreme Court struck down a federal ban on sports betting last year, New Jersey lawmakers banned team owners from placing or accepting bets on any games involving their sport.

Check Out More Industry News Here

The piece is now headed to Democratic Governor Phil Murphy (a huge supporter of sports and racing in the state), who can either sign it into law or veto it.

If the bill is signed by Murphy, it would allow owners “of 10 percent or more of a member team of a sports governing body to place or accept wagers on certain sports events in which other member teams participate.”

If passed, the Golden Nugget could get a much-needed boost.

Statistics by the New Jersey Division of Gaming Enforcement (NJDGE) show that the Golden Nugget took in just over $500,000 in sports betting revenue this year. Harrah’s Resort was the only Boardwalk casino to report less revenue.

Professional basketball has been huge in New Jersey since its debut into sports betting last year. More money has wagered on basketball (over $850 million) at New Jersey’s brick-and-mortar and online sportsbooks than on any other sport, so the addition of the basketball offering for Golden Nugget could be huge for its sports betting options and patrons.

DraftKings app hits WVA

Last Wednesday, DraftKings make another key step toward national expansion after it launched its popular Sportsbook app in West Virginia.

Previously, the app made history in New Jersey as the first mobile, online and legal betting offering outside of Nevada. The official launch of the DraftKings Sportsbook in West Virginia, the second U.S. state where the product is offered, follows DraftKings’ licensing agreement with Penn National Gaming eight months ago.

“We are thrilled to continue our DraftKings Sportsbook expansion by getting our product into the hands of West Virginians,” said Matt Kalish, co-founder and Chief Revenue Officer at DraftKings. “We look forward to serving our fans with the top-rated DraftKings Sportsbook app, that features numerous consumer protection features and strives to provide the broadest selection of betting options with the best odds and rewards in West Virginia. DraftKings knows the American sports fan better than anyone, and we look forward to proving that in the Mountain State.”

Having paid out more than $720 million to customers in New Jersey, expansion of the DraftKings Sportsbook app to West Virginia is the latest move in the company’s commitment to providing the best mobile sports betting product for consumers nationally.

Sports fans in West Virginia can place their bets on the DraftKings Sportsbook app via iOS and Android or online at Sportsbook.DraftKings.com. 

WHAT’S IN A GT VIP ACCOUNT? Amazing content, analysis, stats, and a digital paper for only 21 cents a day.