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
TRENTON, N.J. – The New Jersey Senate Budget and Appropriations Committee will discuss a bill to regulate prediction markets in the Garden State. Senator Nicholas Scutari’s S4447 bill aims to implement prediction market regulations that would limit sports event contracts to licensed operators, ban election … Read more
NEW YORK – Legislators in the state of New York are making an effort to protect sports bettors in a way that no other state has done. Senate Bill S9415, which is now Assembly Bill A10329, will require sports betting sites in New York to … Read more
TRENTON, N.J. – It was an active April for New Jersey sports betting following the New Jersey Division of Gaming Enforcement’s release of the month’s sports betting handle and revenue numbers. Legal sports betting in New Jersey produced under a billion-dollar handle at $932.4 million, … Read more
TRENTON, N.J. – Two major challenges to micro-betting emerged this week, as New Jersey lawmakers pushed forward a bill to ban the practice while a Pennsylvania court received a lawsuit targeting the sports wagering industry’s biggest players. Senators Paul Moriarty and Patrick Diegnan got Senate … Read more
Washington lawmakers review changes to tribal casino betting rules that would affect college sports wagering. Mississippi takes another shot at mobile betting legalization with a focus on addressing pension system concerns. New Jersey puts forward legislation aimed at strengthening player safeguards and game integrity standards. … Read more
New Jersey colleges will run regular sessions to help students understand gambling. The Council on Compulsive Gambling will show students the risks, signs of problems, and ways to get help. TRENTON, N.J. — New Jersey lawmakers have approved new legislation designed to bring gambling awareness … Read more
New Jersey gambling had a big November, earning $636.2 million as sportsbooks and online casinos stayed strong year over year. During a busy football and basketball stretch, sports betting generated $146.3 million in revenue from $1.28 billion in wagers. Online betting was dominated by FanDuel … Read more
The chairman of the company that owns and operates Monmouth Park Racetrack said that “Without sports betting, we’d be closed” when speaking at the opening of the track’s brand new Caesars Sportsbook facility. Partnerships like the one between Monmouth Park and Caesars are often beneficial … Read more
A bill has been introduced in New Jersey to ban micro betting in sports contests. Micro betting is when a player bets on the outcome of any individual play (for example, a ball or strike on a pitch in baseball). TRENTON, N.J. – New Jersey … Read more
Kalshi locked down an exclusive partnership with CNN that’ll bring its prediction market data to the network’s shows and platforms. The company is dealing with lawsuits from several states and a federal case claiming it wasn’t honest about how its trading system actually works. Even … Read more
Illinois became the second state to record at least $1 billion in sports betting tax revenue, after New York. The state implemented the country’s first progressive tax system for sports betting, with rates climbing from 20% to 40%. Most tax revenue flows into Illinois’ general … Read more