New Jersey’s sports betting industry set another monthly record in October for the amount bet as gamblers plunked down close to a half-billion dollars while baseball’s playoffs and World Series, football, basketball and hockey were all on the betting board.
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In a little over a year, New Jersey sportsbooks have accepted more than $3 billion in legal wagers, generating $284.6 million in gaming revenue and more than $36 million in taxes. But while Trenton, casino operators and the host municipalities of the state’s two racetrack sportsbooks are reaping the financial benefits, Atlantic City is not.
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New Jersey Senator Raymond Lesniak gave a keynote speech at this week’s Sports Betting USA Conference in New York, outlining his thoughts on the current state of the US sports betting sector and adding a few predictions as to its future direction.
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According to EGR North America (paywall), New Jersey’s Division of Gaming Enforcement has issued a one-time authorization for sportsbooks to accept wagers for this weekend’s 2019 League of Legends World Championship Finals.
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A year or two from now, the landscape might be almost unrecognizable in many respects, with some new operators failing and others being swallowed by larger fish — or sharks. But four current New Jersey operators told the New York City Sports Betting Investor Summit audience Monday that they welcome the challenges ahead.
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While there’s still debate about which state (Nevada or New Jersey) is the regulated sports betting king at the moment, there really is none about who wears the online gambling crown.
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The advent of the 2019-20 NFL Season is high time for sports betting fans, and the New Jersey sports betting handle figures for September, released today by the NJ Division of Gaming Enforcement, strongly reflect the fervor bettors have for wagering on football.
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On Oct. 3, US Attorney’s Office for the Eastern District of New York unsealed various indictments against a group of alleged members of the Colombo organized crime family. Those charges include an attempt made to fix an NCAA Division I men’s basketball game.
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After visiting all eight Atlantic City sportsbooks for an NCAA college football Saturday, I noticed that the seating capacity — perhaps a shade over 1,000 all told — seemed like it might be a tight fit for a good NFL Sunday
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New Jersey has taken in a larger sports betting handle than Nevada in three of the last four months. The two states have been going toe to toe each month to be the leader of sports betting in the United States.
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The New Jersey Thoroughbred Horsemen’s Association (NJTHA), which operates Monmouth Park, has moved one step closer to recouping legal costs of $3.4m which were laid down as a bond by the major sports leagues in the legal fight that led to the strikedown of PASPA.
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