Bet365 Closes Online Casino In Germany, What About New Jersey?
- Bet365 is trying to obtain a sports betting license from the German regulatory authority.
- Germany is currently implementing major changes to its online gambling space.
- New Jersey’s sports betting industry brought in a reported $219 million dollars in revenue for the month of November.
ATLANTIC CITY, N.J. – Days before entering the new decade, bet365 has decided to shut down one of its major online casinos operating in Germany. The closing of the betting operation comes right before Germany rolls out new laws regarding the online gambling industry.
The latest version of these new laws was approved by the 16 states in the early part of 2019 as a way to keep unlicensed gambling companies out of the country. The updated laws under the new federal gambling treaty will allow online gambling operators to now apply for sports betting licenses.
With the legislation going into effect on Jan 1, 2020, the British based company decided to shut down its German online casino. However, the company is expected to begin operating again in Germany after ensuring that their new casino will comply with the new regulatory authority.
But, will this affect bet365's legal gambling in the U.S.? Simply put it shouldn’t.
New Jersey bet365 Sportsbook and Casino
While bet365 is closing one online casino overseas, they’ve recently opened another online casino/sportsbook in the United States. After reaching a deal with Hard Rock Casino, bet365 is now deeply entrenched in one of America’s best gambling markets in the state of New Jersey.
There are now a total of 16 online sportsbooks legally operating in the state. Bet365 NJ officially launched in November 2019, during the peak time for betting on the NFL season and college football. Ever since opening its online sportsbook in New Jersey, bet365 has generated $2.82 million dollars in revenue.
The New Jersey site for bet365 is like the European site and will allow users to customize their experience using the app or mobile site. Furthermore, users will have a shared wallet that they can use in the bet365 NJ sportsbook or the online casino app.
With bet365's focus on in-play betting and a good mobile platform, bet365 NJ sportsbook/casino could become one of the top gambling companies in New Jersey for years to come.
Bet365 will continue its expansion into the international gambling industry and it wouldn’t be surprising to see the company set up gambling operations in every state where sports gambling is legal in America.