New Jersey fines sportsbooks $40 for betting violations
New Jersey gambling regulators fined two sportsbooks and a technology firm $40,000 for violations, including bets placed on unauthorized events and concluded games between...
New Jersey records the strongest November revenues
According to the Division of Gaming Enforcement (DGE), New Jersey’s gaming market achieved a significant milestone with its best November of a decade, thanks to booming casino wins and unstoppable growth in iGaming and sports betting markets.
Atlantic City’s nine casinos generated $223.9 million, marking a 4% increase when compared to last year. The first place is secured by Borgata, with $57.5 million in revenues, which is an increase of more than 11%. Hard Rock wasn’t far behind, recording an increase of 7% to $44.3 million, while Ocean increased 8% to hit $34 million. Resorts Casino Hotel and Golden Nugget rounded out the winners, posting 12% and 7% increases, respectively. Not all properties thrived, though, with Bally’s, Caesars, Harrah’s, and Tropicana seeing declines. Five Saturdays in November helped lift overall results.
iGaming and sports betting markets in New Jersey
New Jersey’s iGaming market is on fire. Online casino revenue hit $214 million, which is a significant increase of 25% for year-on-year results. Moreover, this is the third consecutive quarter when GGR hits $200 million. Sports betting also saw an increase of 24%, which makes $119 million in revenues. Year-to-date, total GGR has once again passed $5 billion, making it the second successful year.
New Jersey considers changes for unused gambling funds
Lawmakers from New Jersey are calling for changes in the bill on using unclaimed funds from inactive gambling accounts.With the new proposal, lawmakers aim to integrate...
