Another sports betting company opens up shop in Hoboken

Daniel J. Munoz | NJBIZ

Another sports betting company announced on Aug. 26 it is opening a headquarters on the Hudson River, which is widely regarded as one of the main gambling hubs outside of Atlantic City and Las Vegas.

Later this fall, the peer-to-peer U.S. sports betting exchange Prophet is opening its headquarters in Hoboken, ahead of the National Football League and college football season.

Other major venues like DraftKings also have operations based in Hoboken, a single train stop away from Manhattan. Many bars and restaurants in the city partner with operators like DraftKings and PointsBet, catering to the clientele of patrons from New York City, according to a report last year from Time Magazine.

“New Jersey has solidified itself as the new home of sports betting in the USA, thus making it the natural place for us to have our headquarters,” reads an Aug. 26 statement from Dean Sisun, Prophet’s chief executive officer.

German online gaming company Tipico has its U.S. headquarters in Hoboken and rolled out its app for New Jersey customers last November.

Read the full article here.

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