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Supreme Court case last year clearing the way for all states to offer legal sports betting, New Jersey has taken in nearly $3 billion in sports bets. Around 80% of those have been placed online. That percentage is set to increase in about five years, several executives said in a panel. Moti Malul, CEO of NeoGames, a global provider of internet gambling and lottery technology, predicted “90-plus percent” of all U.S. sports betting will be done via mobile devices within the next 10 years. “Innovation will drive through that,” he said. “And who knows what mobile will look like 10 years from now?” Parikshat Khanna, CEO of CG Technology, a licensed Nevada bookmaker, echoed that prediction. “The true capability of sports wagering is mobile,” he said. When CG launched its betting apps in 2009, “It was always assumed you wanted to sit in a sports book for three or four hours to watch the game,” Khanna said.
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This rendering shows the sportsbook, or betting lounge, that is now under construction at del Lago Resort & Casino near Waterloo in Seneca County. It will be operated in partnership with fantasy sports company DraftKings. Del Lago general manager Mark Juliano said the exact timetable for applying for and obtaining a license to operate is still a bit uncertain. “But we have been tracking with (the state), keeping them aware of what we’re doing,” he said. He believes that communication should help the licensing process proceed smoothly. Del Lago will operate the sports book in partnership with DraftKings, the Boston-based daily fantasy sports company. It will be a 6,000-square-foor bar/restaurant setting, where fans can watch games on high-defintion LED terminals or on the floor-to-ceiling, video display walls. Players place wagers at 20 self-service betting kiosks or at one of the DraftKings cashier stations. Monitors provide continually updated odds and updates, allowing for for in-game wagers. “We think it’s going to be an exciting place for our visitors to watch games, have some food and beverages and take advantage of the ability to bet on the action,” Juliano said.
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