Betfair Gains First New Jersey Exchange License

Europe’s leading sports betting exchange has just been granted the first ever New Jersey state exchange wagering license.

The New Jersey Racing Commission (NJRC) licensed Betfair US in partnership with Darby Development, the racetrack operator of Monmouth Park.

Betfair, which is slated to merge with Irish-based bookmaker Paddy Power to become the biggest wagering company in the world, has been trying to get licensed in New Jersey for the past four years.

The state is one of three that currently allow intrastate online casinos and poker.

- Gilbert Horowitz, Gambling911.com

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