New Jersey Sports Betting Revenues Are Slowly Rebounding

Bally's NJ Sportsbook

New Jersey’s sports betting industry had a $117.8 million betting handle and earned $9.9 million in revenue in May. These totals represent massive month-over-month increases from April, indicating that New Jersey sportsbooks are on the path to financial recovery from COVID-19. Major North American sports … Read more

Dennis Drazin Explains New Jersey’s Latest Esports Betting Bill

Dennis Drazin

New Jersey bill A637 would allow esports and other events to be made legal in the Garden State for wagers. Dennis Drazin, a pillar in the sports betting community, discussed what A637 would do should it be made legal in New Jersey. Since legalizing sports … Read more

Sports Leagues Seek Dismissal Of $150 Million Claim From PASPA Case

NFL Commissioner Roger Goodell

The four major North American professional sports leagues filed to dismiss a $150 million legal claim by the New Jersey Thoroughbred Horsemen’s Association (NJTHA) on Monday. Their claim is predicated on the fact that the leagues were responsible for an injunction on legal New Jersey … Read more

New Jersey Sports Betting Revenue Sees Spike In May Numbers

New Jersey Sports Betting Revenue for January

The return of NASCAR, UFC, and PGA events have increased New Jersey sports betting revenue for the month of May by 276% from April’s numbers. Internet and mobile sportsbooks are the only betting sources available for gamblers in the Garden State as retail books are … Read more

Colorado Is Already Taking Over U.S. Online Sports Betting

Denver Broncos

In its first month of operation, Colorado earned a remarkable $25.5 million in sports betting revenue—a staggering total given ongoing COVID-19 restrictions. Colorado has very few restrictions on sports betting operators and low barriers to entry, which should help it quickly develop into one of … Read more

Playtech To Enter NJ Online Sports Betting And Casino Market

PlayTech

Playtech, a top gambling software company, has received a transactional waiver that gives them the approval to enter the New Jersey online sports betting and casino markets. Playtech will initially be partnered with bet365 and Hard Rock Atlantic City but plans to expand to more … Read more

Why Didn’t Nevada Report Sports Betting Revenues In April?

Las Vegas Sportsbook

Nevada redacted online sports betting and poker revenues from its April gaming revenue report. This was done in accordance with a state law protecting the privacy of individual companies’ finances—World Series of Poker was the only online poker company to report revenue. Total online gaming … Read more

NJ Governor Greenlights Pro Sports Teams To Begin Training

NY Giants Training

New Jersey based teams like the New York Giants and New York Jets can begin practicing again as Governor Phil Murphy has approved the reopening of sports facilities. The Jets and the Giants are both working closely to begin training as soon as possible for … Read more

Nationwide Sports Betting Revenues Plummet During April

Sports Betting

Five states have reported their April sports betting figures: Indiana, Iowa, New Jersey, Pennsylvania, and West Virginia. In the five states, sports betting revenues are down almost 80% from what they were in February, and handle is down almost 90%. These states only handled $130.5 … Read more

Maine Gaming Control Board Authorizes Full Online Horse Betting

Maine Horse Racing

Maine has now authorized online horse betting for local, national, and international races. Bets will be hosted via a website called HollywoodRaces.com Maine’s racing season was delayed by COVID-19 but could resume without spectators soon, as many other states have done. The legalization of horse … Read more

Supreme Court Returns NJ PASPA Restitution Case To District Court

SCOTUS

The New Jersey Thoroughbred Horsemen’s Association is seeking millions of dollars damages from the NCAA, MLB, NBA, NHL and NFL for preventing them from operating a sportsbook at Monmouth Park from October 2014 to May 2018. Despite legal precedent against the plaintiffs’ claims, quirks of … Read more