by Michael Molter | Jan 24, 2024 5:16 pm | Revenue
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...
by Giovanni Shorter | Aug 17, 2021 11:47 am | Revenue
New Jersey saw $578.7 million wagered on sports in July. This was a decrease of 25% month-over-month compared to June’s betting handle. This is the first time since July 2020 that sports betting handle fell under $600 million in the Garden State. TRENTON, N.J. –...
by Christina Monroe | May 20, 2021 2:41 pm | Regulatory
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...
by Giovanni Shorter | Jan 12, 2021 12:37 pm | Sports Betting
A ruling on the long-standing lawsuit may be coming soon. The New Jersey Thoroughbred Horsemen’s Association initially sought $150 million in lost revenue as well as the $3.4 million bond applied by the leagues. Judge Freda Wolfson denied the claims for lost revenue,...
by Christina Monroe | Jan 3, 2021 9:00 am | Sports Betting
The New Jersey Thoroughbred Horsemen’s Association (NJTHA) of Monmouth Park Racetrack is hoping to win $3.4 million from the professional sports leagues from an issue that happened in 2014. This case has faced a handful of judges and each time the leagues have won....
