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New Jersey Sportsbooks Edge Near $12 Billion For 2023

New Jersey Sportsbooks Edge Near $12 Billion For 2023

by Michael Molter | Jan 24, 2024 5:16 pm | Revenue

Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet...
New Jersey Sports Betting Handle Dips Slightly In July

New Jersey Sports Betting Handle Dips Slightly In July

by Giovanni Shorter | Aug 17, 2021 11:47 am | Revenue

New Jersey saw $578.7 million wagered on sports in July. This was a decrease of 25% month-over-month compared to June’s betting handle. This is the first time since July 2020 that sports betting handle fell under $600 million in the Garden State. TRENTON, N.J. –...
NJ Fixed Odds Horse Race Betting Legislation Jumping Hurdles

NJ Fixed Odds Horse Race Betting Legislation Jumping Hurdles

by Christina Monroe | May 20, 2021 2:41 pm | Regulatory

New Jersey horse racing has favorable odds of seeing fixed-odds legislation pass. Currently, horse racing in the Garden State does not offer fixed odds for their races. A bill proposed to allow this is two positive votes away from landing on Governor Phil Murphy’s...
New Jersey Sports Betting Lawsuit May See Resolution Soon

New Jersey Sports Betting Lawsuit May See Resolution Soon

by Giovanni Shorter | Jan 12, 2021 12:37 pm | Sports Betting

A ruling on the long-standing lawsuit may be coming soon. The New Jersey Thoroughbred Horsemen’s Association initially sought $150 million in lost revenue as well as the $3.4 million bond applied by the leagues. Judge Freda Wolfson denied the claims for lost revenue,...
2014 NJ Lawsuit Could End In $3 Million Payday For Monmouth Park

2014 NJ Lawsuit Could End In $3 Million Payday For Monmouth Park

by Christina Monroe | Jan 3, 2021 9:00 am | Sports Betting

The New Jersey Thoroughbred Horsemen’s Association (NJTHA) of Monmouth Park Racetrack is hoping to win $3.4 million from the professional sports leagues from an issue that happened in 2014. This case has faced a handful of judges and each time the leagues have won....
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