ScoreBet Exits NJ Sports Betting Market Next Month

New Jersey sports gamblers using score bet The app received an unexpected email this week.

In a few weeks, the Toronto-based company will no longer be part of the US online sports betting business. This means New Jersey, Colorado, Indiana and Iowa will be affected.

Below is an excerpt from the email.

“circletheScore Bet is writing to inform you that we will be discontinuing our online sports betting operations in the United States (New Jersey, Colorado, Indiana and Iowa) on Friday, July 1, 2022.

Thank you for using theScore Bet. We look forward to continuing to serve you until we cease operations in the United States on July 1, 2022.

But is anyone really surprised by this news?

Remember penn national gaming got Score Media and Gaming Co., Ltd. last fall about $2 billion cash and stock. Penn is also a very popular bar stools sportsbook app.

And with the Barstool brand having a much larger following in the US, it seems it was only a matter of time before this announcement was made.

Here, we take a closer look at why theScoreBet is closing its US operations and what New Jersey gamblers should know about their accounts.

Why theScoreBet’s exit from the US business makes sense

Believe it or not, the score betting app launched in New Jersey, not Canada.

Debut took place in 2019 through an athletics partnership with Monmouth Park.

But how much of the Score Bet app is mentioned in the New Jersey sports betting conversation?

And have you seen the commercials?

The reality is, especially here in the Garden State, theScore hasn’t taken off yet.

It’s difficult to pinpoint exactly how score betting works. New Jersey Bureau of Game Enforcement There is no breakdown of monthly sales by brand.

but, Play NJ Analysts estimate that theScore Bet is likely to hold 0.5% of the market.

The Barstool Sportsbook’s success, on the other hand, is more easily recognizable.

Since its launch in late August 2021, freehold raceway Monthly sports betting earnings are skyrocketing.

Through April 2022, Freehold reports: $6.3 million New Jersey sports betting earnings. Looking over the same period from 2021, the aggregate $410,729.

Differences for the first four months of 2021 included only Parx branded retail sportsbooks.

As a supplement, PlayUp Sportsbook When Bet Parks Other apps under freehold license. Both were launched after his Barstool debut.

What NJ account holders need to know

TheScore Bet’s email to customers also included some important dates.

On Wednesday, June 15th, New Jersey sports bettors will no longer be able to deposit or place bets through the app. And from that point on, only withdrawal transactions are allowed.

From Thursday 16th June theScoreBet will start supporting the withdrawal process for its users.

The email will also state that checks will be sent to the user’s registered address for those who are not eligible for other withdrawal methods.

The message will also appear when you open the Score Bet app.

And on Friday 1st July, theScoreBet will officially move to the sports betting sidelines in New Jersey. resort sports book When 888 sports.

Customer service support remains available to answer your questions.Account holders can call (855)-550-1238 or email [email protected]

This is the end of the waiting game at Score Bet Casino

As a result of theScore’s suspension of operations in the United States, there will be several vacancies in the New Jersey betting market.

First, a third sports betting skin is now available in Monmouth Park. caesars sportsbook When sugar house Keep the remaining two spots.

The brand, which is targeting a 2022 launch, has already signed a market access deal.

However, that doesn’t mean other companies looking to get their hands on a slice of New Jersey sports betting can’t jump at the opportunity. Play NJ We will continue to monitor the situation.

Of course, some may have forgotten about theScore’s plans to launch an online casino app in New Jersey. The company even had a market access agreement with Bally’s Atlantic City.

This means that Bally’s now has 2 free slots (the remaining slots are point bet, virgin When Bally’s online casino).

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