New Jersey’s June sports betting handle rose 16% from a year earlier to $917.2 million. Sports wagering revenue fell 37.7% to $57.3 million as the hold dropped to 6.24% from about 11.6%. Bettor winnings on the FIFA World Cup and NBA Finals drove the decline, … Read more
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 to modernize its gambling landscape with the … Read more
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 – The reintroduction of the Supporting Affordability … Read more
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 on it … Read more
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 letter published by the Division … Read more
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 … Read more
New Jersey’s sportsbooks had a rough month in February, with sports betting handles down a significant 26.9%. The decrease in handle led to New Jersey losing its five-month streak of generating a sports betting handle of at least $1B. TRENTON, N.J. – February was a … Read more
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 market has managed … Read more
On Monday, the New Jersey Division of Gaming Enforcement granted the Esports Entertainment Group authorization to accept wagers on all esports events. The Esports Entertainment Group authorization will make the group New Jersey’s first dedicated esports sportsbook, significantly broadening the state’s sports betting offerings. TRENTON, … Read more
New Jersey sportsbooks see $1.01 billion in total betting handle in September 2021. Sports betting revenue spiked 82.9% month-over-month for $82.4 million. Football bets accounted for more than $400 million of total bets. TRENTON, N.J. – Sportsbooks in New Jersey saw a massive 35.1% increase … Read more
New Jersey is getting vocal about sportsbook advertisements during NFL games. The Garden State would like sports wagering operators to look over ads to ensure they are safe and not misleading to viewers. Should operators not comply, New Jersey has said that they could go … Read more
New Jersey has seen $996.3 million in sports betting activity in December. This is the highest sports betting month since launch. New Jersey collected a record-breaking $66.4 million in sports betting revenue. TRENTON, N.J. – New Jersey has continued to be one of the biggest … Read more