Charity Gambling in New Jersey and the App that Turns Sports Bets into DonationsJune 21, 2019
Sports betting, as well as any other form of gambling, can be leveraged to act as a fundraising system for the most important and noble cases. In most cases, the funds are acquired through a form of betting called charity gambling.
Understanding charity gambling
So, the natural follow-up question is: What exactly is charity gambling? To put it simply, it is a form of incentivized giving in which charities are the organizations overseeing gambling activities, which profits are then used to further the institution’s charitable efforts.
The most common games in this specific form of gambling are slot machines, bingo, lottery or roulette. But multiple others, such as poker or, indeed, sports betting can be organized to attract a different kind of audience to contribute with funds to the charity.
Charity gambling in New Jersey
In the state of New Jersey, charity gambling is allowed. The activity is regulated by the specially appointed control commission for the legalized games of chance.
GoodBookey, the sports betting app for charitable donations
Now that you know the basics about what charity gambling really is about and what is its status in New Jersey, it is time that you discover the app GoodBookey. It is an amazing way for sports betting enthusiasts to help on some truly important charity work.
GoodBookey turns lost sports bets into charitable donations. The team behind the project wanted to take their love for sports betting and their prowess in technology to create something with an effective social impact.
The GoodBookey app is available for Android and iOS. As a user, you get to select an upcoming event, in organizations such as the National Football League, the National Basketball Association, the Major League Baseball, the National Hockey League, the Major League Soccer or the National Collegiate Athletic Association.
Then, you invite a friend to bet on the outcome of the match. Each bettor picks a team, makes a wager and selects a charity of choice from the given list. The person who loses the bet donates the value of their wager to the charity the winner picked.
For years now, there has been an ongoing discussion, mostly among online communities, as to how to combine sports betting with charitable donations. But GoodBookey was the first viable solution to both facilitate and monetize the concept.
The app is free for bettors to use and for the charities to fundraise. Out of each donation, GoodBookey takes a slice of only 3%.
Giving out to noble causes has never been so easy, safe and entertaining. Start betting with GoodBookey and engage with the charity gambling initiatives in your area.