by Andy Faust | Jun 28, 2019 7:43 am | Regulatory
The looming New Jersey shutdown would cause all operations to cease at state racetracks. The Meadowlands and Monmouth Park would close their physical and online sportsbooks immediately. NJ lawmakers have until Sunday, June 30, to agree on the new budget. TRENTON, N.J....
by Michael Molter | Jun 21, 2019 1:52 pm | Sports Betting
• Bet.Works is based out of Las Vegas and was founded in 2018. • Jay Rood served as the Vice President of Race and Sports of MGM Resorts. • The company expects to enter into every legal sports betting state market in the upcoming years. LAS VEGAS – Another...
by Michael Molter | Jun 14, 2019 1:58 pm | Sports Betting
New Jersey successfully challenged PASPA, fighting for states’ rights in regards to legal sports betting, on May 14, 2018. The legal bet in New Jersey was made on June 14, 2018, by Governor Phil Murphy at Monmouth Park. New Jersey has collected more tax revenue than...
by Michael Molter | Jun 13, 2019 10:48 pm | Revenue
Resorts Casino has now contributed over $7.5 million to the state in tax revenue. Total revenue collected by every sportsbook is $68,160 short of eclipsing $100 million year-to-date. The Meadowlands has received over $50 million in revenue ($53.4 million) – almost...
by Andy Faust | Apr 17, 2019 8:43 am | Sports Betting
Dennis Drazin will be enshrined in the SBC Sports Betting Hall of Fame on April 25. Drazin joins former NJ Gov. Chris Christie in the Hall, both being recognized for their efforts to overturn PASPA. TRENTON, N.J. – Dennis Drazen, CEO of Darby Development, LLC, and...
