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
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
The League of Legends World Championships finals were last Sunday. New Jersey sportsbooks took esports bets for the very first time. It is unclear if New Jersey sportsbooks will take more action on esports. ATLANTIC CITY, N.J. – New Jersey sportsbooks took esports bets for … Read more