by Giovanni Shorter | May 17, 2022 10:33 am | Revenue
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. – New...
by Giovanni Shorter | Feb 16, 2022 3:31 pm | Revenue
The New Jersey Division of Gaming Enforcement reported a record-breaking $1.3 billion was wagered in sports in January. 90% of the total betting handle came from mobile sportsbooks but revenue is slightly down 26.9%. TRENTON, N.J. – The New Jersey sports betting...
by Jerad Paparella | Dec 28, 2021 12:30 pm | Legal
After COVID-19 lockdowns led to New Jersey casinos leaning into online sports betting, the state is seeing an increase in sports betting handle and hold percentage. While online sports betting is seeing historic increases, casinos are struggling to return to their...
by Jerad Paparella | Dec 17, 2021 3:54 pm | Regulatory
Chicago has lifted restrictions on stadium-based sportsbooks in the city, opening up professional sports teams to the opportunity of hosting their own sportsbook at their venue. Louisiana’s mobile sports betting industry is on-track to launch prior to this season’s...
by Jerad Paparella | Dec 14, 2021 1:28 pm | Regulatory
New Jersey legislators are moving forward with S4007 after the New Jersey Budget and Appropriations Committee approved the bill on Monday. The bill would reduce the required payments from casinos under the PILOT arrangement and prevent the use of sports betting and...
