by Michael Molter | Mar 28, 2025 9:37 am | Legal
Alberta’s Bill 48: the iGaming Alberta Act seeks to create a competitive online gambling market. In New Jersey and Nevada, regulators have issued cease-and-desist orders to Kalshi’s sports prediction markets. ATLANTIC CITY, N.J. – Alberta is taking steps...
by Michael Molter | Mar 15, 2025 6:34 am | Legal
A new federal push to regulate sports betting threatens to override state authority and disrupt carefully crafted local policies. The SAFE Bet Act grants excessive power to the DOJ, raising concerns about selective enforcement and government overreach. WASHINGTON –...
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...
by Zachary Kelley | Jul 21, 2023 1:32 pm | Legal
PlayUp Sportsbook was shut down by the New Jersey Division of Gaming Enforcement for multiple non-compliance issues. The New Jersey sportsbook failed to deliver financial information by the July 14 date requested by the Division after multiple requests. A revocation...
by Giovanni Shorter | Apr 19, 2022 3:06 pm | Revenue
New Jersey sportsbooks saw $1.1 billion bet on sports in March 2022. More than 90% of the total handle came from mobile and online sportsbooks. March Madness betting carried the market, with over 17 million basketball bets in March. TRENTON, N.J. – New Jersey sports...
