This week’s Gambling News Flash starts us off with FanDuel Sportsbook, which reportedly has the biggest share of action in the sports betting market. The data shows they continue to grow too, so let’s start off with that report. Also, NY sports betting could be right around the corner, but the state wants operators to pay BIG money.
FanDuel Controls 50 Percent Of All US Sports Betting
If you’re wondering who runs the show in sports betting in the United States, it appears to be FanDuel. The sports betting giant is living up to its nickname as FanDuel currently controls the largest chunk of the US online sports betting market.
- The news comes from data content provider Gambling Compliance, who has reported that FanDuel’s market share in the U.S. hit 50% in May, which was a jump over 36% in the first quarter of the year and 39% in 2020.
One of the reasons FanDuel has such a strong market share of the audience is because of their mobile app. Customers have consistently given them high grades but so have the experts.
Eilers & Krejcik tested 31 different apps and came out with the conclusion that FanDuel’s did everything at a high level, making it the best of the bunch by far.
Couple that amazing mobile app with a fast-growing market and Flutter, the parent company of FanDuel, could end up becoming one of the highest valued sportsbook operators in the world. In stock market circles, DraftKings Sportsbook tends to get more attention but FanDuel could change that over time.
New York Opens Up Sports Betting RFA, Aims For 50% Revenue
The New York State Gaming Commission finally released the applications for mobile NY sports betting after tons of bettors continue to hammer away and request it. However, sportsbook operators aren’t going to be happy with what’s come back as the state continues to deliver unreasonable expectations.
New York is reportedly looking for half of the gross gaming revenue of any operator who signs up, alongside the $25 million fees just to get a license in the state. Few operators will be able to foot that bill as the margins are not that good to afford such a demand.
New York also insists that sportsbook operators who get a license must create a platform that accepts all types of wagers, maintains records, makes state-required reports, and generates electronic receipts for all bets. That might require some software and platform changes, which won’t be easy.
- As of right now, all applications from operators must be sent through before August 9th of 2021.
- The Gaming Commission will then have until early December to decide who will be selected as a finalist for the license.
- Those finalists will then have to make another application before the Commission hands out each license.
Advent International Joins Bidding War For William Hill Assets
Apollo Global Management probably isn’t happy that Advent International has jumped in on their bidding for the non-US assets from William Hill.
Apollo has been the frontrunner for these assets for quite a while now, as they hope to pick up both the European online gaming business as well as some other betting shops. Although, a wrench was just thrown into their plans with Advent joining the bidding war.
It was very unexpected but then again, they are one of the few companies who could afford the tremendous asking price. Apollo is the fourth-largest private equity shop while Advent is right behind them at No. 6, making for an entertaining auction of sorts.
Currently, Apollo, Advent, and 888 are the only bidders for the assets, but then again, the auction is in the early stages of development right now. Some rumors have bounced around that Entain Plc could join the mix, though it could be a longshot. Betfred has also been connected to this bidding war but has yet to make any official move yet, it is purely speculation.
No matter which New Jersey gambling website you frequent, the lobby will be filled with spinning reels of all shapes and sizes. From classic three-reel offerings to video slots and giant progressive jackpots, you’re spoilt for choice when it comes to the best online slots in NJ.
Online Slots With The Best RTP
However, just as it is in life, not all slots are created equal. In fact, when you start to review the facts, some games stand out more than others. In this guide, we’re going to show you the best online slots and the top five high-paying slots in New Jersey.
By looking at everything from a game’s RTP (Return to Player) payout percentage to its special features, we’ve managed to tease out a quintet of slots you simply have to try.
1. Jack Hammer 2: 97.10 percent RTP
An industry classic that’s been big in Europe for years, NetEnt’s Jack Hammer 2 is the impressive sequel to Jack Hammer (no surprises there). On the surface, this video slot doesn’t have as many bells and whistles are some of its counterparts.
Indeed, when you look at a modern spinner like Planet of the Apes with its big-budget animations and sound effect, Jack Hammer 2 looks fairly sedate. However, when you peek under the hood, the mechanics of this beast shine, and you soon realize why this is one of the best online slots at NJ casinos
For starters, the RTP is 97.10 percent which, in comparative terms, is one of the best payout percentages in the state. Secondly, there are 99 pay lines crisscrossing the five reels. The average video slot has 40 paylines, so to find 99 is impressive. Finally, in addition to 99 ways to win, you’ll get free spin bonuses, sticky wilds, and even wilds that appear at random as you shoot for the 500X jackpot.
2. Steam Tower: 97.04 percent RTP
Steam Tower is a live-action adventure slot that harks back to the days of gold ole’ fashion steam power and mechanical muscle. The reason we’ve called this game a live-action adventure is because the main character (we’ll call him Mr. Tower) is there beside the reels. Wielding some sort of steam-powered hooking device, Mr. Tower watches over the game and springs into life when anything exciting happens.
Once you pay at least the minimum bet (15 cents), the five reels and 15 paylines are capable of generating wins worth 2,000X your payline stake. However, if you really want to get the most out of the game, you need to roll in a stacked wild. When the stacked wild (Mr. Tower) covers an entire reel, you’ll get 10 free spins and, depending on the floor you’re on, a multiplier. The more floors you climb, the better your multiplier becomes and the more cash you’ll win.
3. Fruit Spin: 96.84 percent RTP
If a sleek slot is what you’re after, Fruit Spin from NetEnt is the game for you. Currently, on offer at three New Jersey online casinos (Betfair Casino, BetMGM, Golden Nugget, and Virgin Casino), this game has a solid RTP and, more importantly, it’s a nod to the old school. While today’s online slots are fantastic examples of what technology is capable of, the oldies never get old. By plastering traditional fruit and bar symbols across five reels and 40 paylines, NetEnt’s designers have created a modern classic.
However, as much as we love to see a classic fruit machine come to life on our screens, it needs to be worth something to hold our attention. Fortunately, Fruit Spin has that ability. As well as a 300X jackpot, nine scatters in view activates the Lucky Wheel feature. This bonus is great because it calls up three bonus wheels. Once active, the wheels spin and reveal one prize each, ranging from free spins to 80-coin prizes.
4. Blood Suckers II: 96.94 percent RTP
Another high RTP slots from NetEnt, Blood Suckers II is another successful sequel. The obvious reason this is a hot online slot game on the NJ online casino scene is the fact it has a payout percentage above 96 percent. However, the most significant reason this game is worth a spin is for its mobile app.
Designed to work on all platforms but looking best on your mobile, this game’s clever interface and the massive jackpot can all be activated with a touch. That’s right, when you want to unlock the 10,000X line bet jackpot, Blood Rose free spins and Hidden Treasure Bonus, you can tap your mobile screen and this vampiric delight will roar into life.
5. Guns N’ Roses 96.30 percent RPT
We could wax lyrical about NetEnt’s Guns N’ Roses slot game all day long. We could talk about the 96.30 percent RTP, we could sing the praises of the two free spins bonuses and scream about wilds that take wins to the max, but we won’t. The reason you should play this game is that it rocks, quite literally.
Thanks to a licensing deal with one of the best rock bands in history, the Guns N’ Roses slot contains a full set list. From hits such as Sweet Child O’ Mine to Paradise City, this is a game where you can crank up the volume, hit the spin button and rock out as you roll in wins worth as much as 750X your line bet.