The New Jersey Department of Gaming Experience has approved PointsBet to launch its NJ online casino. The PointsBet subsidiary PointsBet New Jersey LLC will operate the venture.
This is the fourth state where PointsBet is licensed to operate online casinos, joining Michigan, Pennsylvania, and West Virginia. In May, PointsBet launched in Michigan, their first iGaming platform. The success of that endeavor is expected to lead to more states for PointsBet iGaming after New Jersey.
PointsBet operates its sportsbook in Colorado, New Jersey, Iowa, Indiana, and Illinois, but the company is also focused on expanding into the iGaming market. Their PointsBet online casino product offers both traditional betting and the exclusive Points Betting system, that accrues added play points and can include promotional offers and signup bonuses.
Vanderwel Named CEO of PointsBwanet Canada
In other news, PointsBet Canada has named Scott Vanderwel their Chief Executive Officer, effective August 17. Vanderwel comes from outside the company, having previously held the position of Sr. Vice President for Rogers Communications in Toronto, Ontario. Previously, Vanderwel worked for Massachusetts-based Monitor Group, a strategic consultancy company, where he led their Canadian efforts.
PointsBet Canada was established earlier in 2021 by PointsBet Holdings Limited to forge a foothold in gaming and sports betting in the Canada market. Vanderwel will spearhead their plans to eventually launch both the PointsBet Sportsbook and iGaming platform in that country. The Canadian legislative body has passed a bill to allow single-game sports betting in the country, and leaders are debating the scope of eventual sports betting and possible iCasino and iGaming legalization, though such a decision is months or perhaps even a year away.