Atlantic City wants a cut of state taxes collected on New Jersey's fast-growing sports betting industry -- the same deal that communities hosting two racetracks get. But like those Philadelphia Eagles-to-win-the-Super Bowl bets, this venture remains a long shot.
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Division of Revenue running five meetings in three days to jump start going live with sports betting
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Now that we are past the quarterpole of the season, it is time for a look at which teams are confounding the oddsmakers. Usually, the guys who set the lines are pretty much right on the money. But in a few cases, they miss badly.
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Bills legalizing sports betting and online gambling are expected to pass the Michigan legislature with bipartisan support, and could be on the governor’s desk before the end of the week.
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Professional sports handicapper Ross Benjamin breaks down Thursday’s NFL game between the Jets and Ravens while doing so from a betting viewpoint.
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According to New York Giants co-owner Jonathan Tisch, the legalization of sports wagering has contributed significantly to improved NFL television ratings. He made the observation during an appearance on CNBC’s Power Lunch program, adding that fantasy football is also playing a part in keeping fans at home rather than visiting the stadium to watch games.
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Two Missouri senators have pre-filed sports betting bills for the upcoming session beginning Jan. 8, 2020, and both would make Missouri the first state to pay a “royalty” on all legal sports bets to the professional sports leagues, as well as the NCAA. The bills would also make Missouri the third state after Tennessee and Illinois to mandate the use of “official league data.”
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The majority of the sports betting revenue comes from the state’s three casinos, Ameristar East Chicago, Blue Chip Casino, and Horseshoe Hammond. It should be noted that the three consistently best-performing sportsbooks are closest to Chicago which is already battling to have a feasible casino project.
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New York reported its lowest monthly sportsbook generated gross gaming revenues since the launch. For the month of November all four licensed sportsbook operators in the state generated just $1.3 million in revenues.
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It’s one year ago this week that a Freehold executive told NJ Online Gambling that negotiations with potential partners for a sportsbook at the Monmouth County location were moving along relatively swiftly.
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