A record-setting month for legal sports betting and a triple-digit percentage increase in online gaming revenue helped cushion another monthly decline in brick-and-mortar gaming revenue for the city’s nine casinos
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New Jersey's red-hot sports betting market set the national record for the highest amount wagered on sports for the third month in a row in October with over $803 million plunked down by gamblers.
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Murphy’s new restrictions have not been well received, as lawmakers, business owners and residents questioned the logic and reasoning behind the action. While most acknowledged the recent uptick in COVID-19 cases across the state was concerning, the one-size-fits-all approach in a state where the impact of the virus has been varied is not going over well, particularly in South Jersey.
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A date has been set for the implosion of Trump Plaza on the Boardwalk in Atlantic City, New Jersey, formerly owned by United States President Donald Trump.
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The first step in a complex process to broaden New Jersey’s sports betting rules was unanimously approved by a state Senate committee in Trenton on Monday.
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Twin River committed to a $90 million upgrade of the admittedly dated Bally’s casino in Atlantic City before New Jersey regulators on Thursday approved the company’s purchase of the Boardwalk property.
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State lawmakers, city officials, casino executives and labor union leaders have asked Gov. Phil Murphy to ease the restrictions on indoor gatherings so that meetings, conventions and trade shows can resume and restaurants, bars and entertainment venues can accommodate more patrons. Failure to do this, they warn, could result in significant profit loss, the elimination of even more jobs and a prolonged economic recovery.
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New NJ sports betting licensees continue to pop up in the Garden State. One of the next potential new operators is the Vigtory Sportsbook. As the name suggests, the main differentiator for this company is its industry-low “vig.” It intends to use that to attract a certain segment of NJ bettors.
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Twin River and FanDuel officials expect Bally’s Atlantic City sportsbook to go online in spring 2021. Gaming regulators – the Casino Control Commission and the New Jersey Division of Gaming Enforcement – still have to approve the move.
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Tipico, operating via a land-based partnership with Ocean Casino Resort, started its soft launch as mandated by the New Jersey Division of Gaming Enforcement (DGE) last week. The full launch is expected soon.
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A new proposed NJ amendment sets the tone for in-state college teams to be allowed on the wagering menu.
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Slow out of the gate as New Jersey sprinted ahead in the nascent U.S. sports betting market, Freehold Raceway is hoping to catch up to the pack as the latest entity in the state to offer it.
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