by Christina Monroe | Jun 6, 2021 11:30 am | Regulatory
NJ sportsbooks could have in-state college wagers added to their menu in 2022. SCR 133 has passed in the Senate but needs to pass in the General Assembly to be put on the November 2021 ballot. If it passes and receives a majority vote in November, New Jerseyans could...
by Christina Monroe | Jun 4, 2021 2:57 pm | Sports Betting
Ben “Parlay” Patz has been sentenced to 36 months of probation time after over a year of court proceedings. The sports bettor who accumulated over a million dollars in payouts in a 50 day span in 2019 sent death threats to professional athletes that lost him money....
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 | May 17, 2021 11:03 am | Revenue
Sports betting in New Jersey saw a 13% decline month over month in April. Sports betting is up 1,270% year over year. The decline can be attributed to the ending of March Madness betting. TRENTON, N.J. – New Jersey sportsbooks saw a slight decline in activity month...
by Giovanni Shorter | May 14, 2021 2:12 pm | Sports Betting
PASPA was repealed on May 14, 2018. Since the repeal, multiple states and Washington DC have regulated sports betting markets. Sportsbooks like DraftKings have gone public on the NASDAQ. NEW YORK – The repeal of the Professional and Amateur Sports Protection Act...
