NJ books took $106 million in bets and earned $10 million in revenue on March Madness wagers. March saw area books earn $31.7 million in total revenue on a $372.5 million handle. TRENTON, N.J. – When it comes to US bettors and when and how they spend their money on marquee events, the conventional wisdom … Read more
New Jersey sportsbooks make $63 million in the first three months of this year thanks to March Madness betting. PlaySugarhouse’s active users increase by 40% during the first week of March Madness tournament compared to the week before. The nine casinos in Atlantic City and two New Jersey racetracks that provide sports betting made $294 … Read more
TRENTON, N.J. – New Jersey residents who have traditionally used oddshark.com to view betting odds and learn about offshore sportsbooks were in for a rude awakening this week. With a letter sent to one of the site’s key executives, New Jersey Attorney General Anthony Strangia blocked the site from the state. The letter was sent … Read more
After two last minute shots during the NCAA college basketball regular season drastically changed betting lines, the National Collegiate Athletic Association (NCAA) is altering how they review buzzer-beaters in the NCAA tournament. “During the NCAA tournament, we will review all shots made at the buzzer, as necessary, in the interest of accuracy of score and … Read more
East Rutherford, NJ – New Jersey sportsbooks take a large loss for legal Super Bowl LIII betting, as the Division of Gaming Enforcement reported a $4.5m loss in revenue. Bettors hit a total combined handle of just under $35m for the New Jersey sportsbooks at the state’s casinos and racetracks. The majority of people had their … Read more
One of the biggest questions that people ask is how much revenue will legal New Jersey sports betting actually produce for the state. That, of course, is a largely impossible question to answer, as it has to draw conclusions from a woefully incomplete dataset. It is estimated that 3% of the Americans that gamble on … Read more
Just a few weeks ago, Monmouth Park – in partnership with bookmaking company William Hill – announced that, thanks to the dismantling of PASPA by the Supreme Court, they would offer sports betting in the state by Memorial Day. Of course, it’s the day after Memorial Day, and there’s still no sign of any publicly-facing … Read more
In the wake of the Supreme Court’s overturning of the Professional and Amateur Sports Protection Act (PASPA, 1992), Monmouth Park – one of the state’s largest racinos, dubbed “The Shore’s Greatest Stretch” – will apparently beat Atlantic City casinos to the punch, as they’re slated to offer sports betting by Memorial Day (Monday, May 28, … Read more
MGM Resorts International wasted no time coming out with a glowing assessment of the recently released majority decision by the US Supreme Court to overturn a crucial – and much-reviled – federal ban on most sports betting activities in the country. Six out of the nine SCOTUS members, including Chief Justice John Roberts, agreed that … Read more
With PASPA’s overturn (Murphy vs. NCAA), it would seem that New Jersey has finally defeated the major sports leagues, vindicating its stance that the Professional and Amateur Sports Protection Act of 1992 – a law supported by the NFL, NBA, MLB, NHL, and NCAA – was patently unconstitutional, as it limited legal land-based gambling exclusively … Read more