Legal Sports Betting Brief: New York, New Jersey, Missouri

Legal Sports Betting Brief: New York, New Jersey, Missouri

New York lawmakers are weighing a bill to eliminate state-level gambling loss tax deductions following recent federal changes. Meanwhile, Missouri and New Jersey continue reshaping their legal sports betting markets with new restrictions and licensing rules. ALBANY, N.Y. – From tax reform in New York … Read more

Which NJ Sportsbook Will Shut Down From Increased Tax Rate?

Which NJ Sportsbook Will Shut Down From Increased Tax Rate?

New Jersey hiked its online gambling tax to 19.75%, up from 13% for sports betting and 15% for iGaming. Operators tied to low-revenue casinos like Caesars Atlantic City, Ocean Casino, and Monmouth Park may face an existential threat. Rising costs and shrinking margins could push … Read more

New Jersey Sports Betting Celebrates Three Years In Business

New Jersey Sportsbook

The New Jersey sports betting industry has officially been opened for three years. In that time, the NJ managed to create a national record in handle collected with over $6 billion in 2020. The Garden State will see the billion-dollar threshold in sports gaming revenue … Read more

NJ Fixed Odds Horse Race Betting Legislation Jumping Hurdles

New Jersey Assembly

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 desk … Read more

N.J. Esports And Entertainment Betting Bill Seeking Senate Approval

Esports

New Jersey is looking to get esports and other events approved for wagering with A637 and S2670. With the popularity of esports, the Garden State believes it to be a very profitable addition for gamblers in the state to help the industry with revenue that … 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

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

NJEDA Aims To Increase Sports Betting Jobs For The State

NJEDA

New Jersey is slowly becoming the mecca for sports betting in the United States. Mobile sportsbooks are allowing for New Jersey sports betting to grow. The New Jersey Economic Development Authority wants to create good-paying jobs. TRENTON, N.J. – The New Jersey Economic Development Authority … Read more

The Golden Nugget AC Could Soon Offer NBA Bets

Golden Nugget AC

The Golden Nugget in Atlantic City has restrictions on what sports you can bet on. Lawmakers passed NJ A 5463 almost unanimously to help the Golden Nugget. NJ A 5463 is now heading to Governor Phil Murphy’s office. ATLANTIC CITY, N.J. – On Monday, New … Read more