Wednesday, January 20, 2021

The Metro Report: Sports Betting & Sports Business in New Jersey , New York and Philadelphia



Since the advent of Sports Betting the coverage of the New York, Washington DC and Philadelphia markets are essential to prognosticators. So I will expand with my Gaming Guy News minutes into the 3 top cities on the East Coast.



The Nets are playing well with the addition of James Harden. Harden had a triple double in his debut with the team. He finished the game with 32 points, 12 rebounds and 14 assists. Brooklyn has won four games in a row. This has been accomplish without Kyrie Irving. Irving has been apart from the team for the past 7 days for personal reasons. While there are questions as to if this group can co-exist together there is no doubt that they are a popular choice to win the NBA championship. The odds of the Nets winning the NBA Championship before the Harden trade was +250. The odds are now +130.

The Sixers are expecting Joel Embiid to return tonight. He has missed the last two game with a sore knee. The team has indicated the injury is not serious. The team is always precautious with Embiid and Ben Simmons. In this season with so many games in a short period of time this is a prudent path. Load management is being exercise with most of the NBA marquee players, The Sixers faced the Celtics for the 1st time this season. Celtics eliminated the Sixers from the playoffs last year. The Sixers are -5.5 and the total is 216.5. 


The Wizards are rumored to be entertaining talks to trade Bradley Beal. Beal is leading the league in scoring. Several teams that have been listed as a possible destination include the Lakers, Celtics and the Sixers. The Nets have teams looking at adding a player that would give them a big three. This would make the Wizards a rebuilding team. There would be  uncertainty as to if Russell Westbrook would want to buy in to that type of situation. The Wizards have the 2nd worst record in the NBA Eastern Conference. 

The Eagles are still involved with their coaching search. Josh McDaniels is the hot name that is being cited this week. McDaniels met with Eagles owner Jeffrey Lurie on Sunday. Unless the Eagles are waiting to interview someone that is involved with a team still in the playoffs, McDaniels would seem like the front runner because of his championship resume. 


The Jets have announced Robert Saleh as their new head coach.  Saleh is best known for his role as defensive coordinator for the Niners during 2017 thru 2020. The Niners defense was feared during most of that period and led them to an appearance in the Super Bowl. Jets could be in a position to make a run at Deshaun Watson. Watson is seeking a trade from the Texans. 

Sports Business: Pennsylvania and New Jersey reported casino revenue was down 22% &17% in 2020. Tax revenue from gaming in New Jersey increased in 2020. The revenue from online gaming impacted the Garden State in a positive way. The taxes on internet wagering are slightly higher than bets made at the casinos. This trend shows a growing propensity to play poker, tables games, slots and wager on sports online. New York is strongly considering moving into the online gaming space. 


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