New Jersey had a successful July in terms of sports betting handle. The success can be attributed to the return of major sporting leagues like the MLB and NBA. New Jersey’s betting market was suffering due to the coronavirus shutting down most venues and sporting … Read more
New Jersey totaled $165 million in sports betting handle and $12.6 million in revenue in June—monthly increases of 40% and 28%, respectively. Casinos began reopening in early July and major North American sports leagues are already returning to play, which should boost handle and revenue … Read more
In April, New Jersey sportsbooks experienced their lowest month of revenue ($2.6 million) ever. New Jersey also saw its second-lowest month of betting handle ($54.6 million). ATLANTIC CITY, N.J. – After a less-than-stellar take-home in a pandemic-shortened March, New Jersey sportsbooks experienced their lowest monthly … Read more
New Jersey’s total March sports betting handle decreased 51.2% and its revenues decreased 58.4% from 2019. The nationwide shutdowns caused by COVID-19 severely impacted the bottom line for New Jersey sportsbooks, especially after a disappointing February. There is no reliable timeline for the safe return … Read more
Atlantic City sportsbooks are gearing up for Super Bowl 54. A few locations will have promotions inspired by the event. The state of New Jersey has surpassed the $3 billion threshold for sports betting revenue since beginning in 2019. ATLANTIC CITY, N.J. – When people … Read more
New Jersey’s reported numbers for sports bets in the month of November have gone up greatly since November 2018. Atlantic City has also seen its best revenue performance since 2012. These increases show just how much the popularity of the sports betting market has expanded … Read more
Atlantic City has received $1.6 million in tax revenue from sports betting in a year and a half. State law prohibits the city from touching the money and uses it to advertise the city instead. The mayor, Marty Small, is asking for the same treatment … Read more
The League of Legends World Championships finals were last Sunday. New Jersey sportsbooks took esports bets for the very first time. It is unclear if New Jersey sportsbooks will take more action on esports. ATLANTIC CITY, N.J. – New Jersey sportsbooks took esports bets for … Read more
Atlantic City Casinos account for nine out of the 12 retail sportsbooks in New Jersey. The New Jersey sports gambling laws require 1.25% of all sports wagers to be used to fund the Casino Reinvestment Development Authority – a state-administered agency. Unless more legislative action … Read more
Saint Joseph’s University bans all students, staff, contractors, and faculty from betting on the school’s events. Purdue is looking to take a similar approach in banning the staff, but potentially permitting the students. The framework of the idea is rather unsettled with the legalization of … Read more
Kindred Group has launched a new online sportsbook called Unibet. Kindred Group plans on launching in Pennsylvania next. New Jersey now almost has 20 online sportsbooks. ATLANTIC CITY, N.J. – Kindred Group has launched a new online sportsbook named Unibet on Tuesday. The Kindred Group … Read more
The Golden Nugget in Atlantic City has restrictions on what sports you can bet on. Lawmakers passed NJ A 5463 almost unanimously to help the Golden Nugget. NJ A 5463 is now heading to Governor Phil Murphy’s office. ATLANTIC CITY, N.J. – On Monday, New … Read more