sports betting

A Democratic state senator from New Jersey is proposing to double a tax connected to online and sports gambling. Learn how it could effect you.

Thanks to New Jersey Sportsbooks having three of their top five highest grossing revenue months of all time, Sports Gambling set a new 12 month revenue record

New Jersey’s robust sports betting market broke the $1 billion mark for the sixth time last month in terms of the amount of bets taken. But March's figures were worse for seven of the nine Atlantic City casinos, which continued to lag behind their in-person gambling revenue levels before the coronavirus pandemic hit.

New Jersey voters in November voted down a proposal to amend the constitution and allow bets on in-state college games and teams.

"A lot of the New Yorkers were crossing over to New Jersey just to place their sports bets, and now they don't have to," said Roger Gros, publisher of Global Gaming Business magazine.

Eighty-six gamblers in New Jersey thought they'd found the Holy Grail of sports betting: being able to bet on a game that had already ended

New Jersey's red-hot sports betting industry smashed its own national record in October for the highest amount of bets taken in a single month, topping $1.3 billion

One asked whether New Jerseyans should be able to bet on sporting events involving New Jersey college teams and any college sporting events occurring in the state.

"I think a billion dollars is going to be the floor, at least until the Super Bowl," said Roger Gros, publisher of Global Gaming Business magazine.

A pair of polls from July and September found more opponents than supporters of a plan to expand sports betting to include New Jersey-based college sports.