Popularity Of Online Gambling Evident From Recent Expansion

Online Gambling

The US sports betting industry saw a 230% increase in revenue generated from 2020 to 2021. More states are opening online sports betting markets, as the market proves profitable. Wyoming is the first state-regulated sports betting market accepting cryptocurrency. New Jersey became the first state to handle $1 billion in sports wagers. LAS VEGAS – … Read more

Jackpot Nears $450 Million For Final 2021 Powerball Draw

Powerball

The final Powerball drawing of 2021 will take place on Wednesday and feature a jackpot of over $441 million – there have been 36 consecutive drawings without a jackpot winner. The cash value for the jackpot is approximately $317.5 million – according to the Multi-State Lottery Association, the odds of winning the Powerball jackpot are … Read more

New Jersey, Michigan See Live Casino Launch Via Playtech

Playtech

Playtech launched live casino gaming in both New Jersey and Michigan. Parx Interactive and Bet365 worked with Playtech to launch live casino gaming in their respective states. LAS VEGAS – Both New Jersey and Michigan received access to Live Casino facilities via simultaneous rollout from Playtech PLC. The Michigan Gaming Control Board and the New … Read more

Atlantic City Casino See Tax Relief As State Faces Lawsuit

TRENTON, N.J. – A new bill was recently signed into law meant to provide tax relief for Atlantic City’s casinos. PILOT Bill Signed The details of the PILOT bill signed by Governor Phil Murphy were to annex sports and online gaming revenue streams for the necessary payments instead of taxes. It does this by changing … Read more

Online Gambling Revenue Goes Up Across NJ, PA, and DE

Igaming

New Jersey made $118 million in online gambling revenue in November, and $127 million in October. Delaware made $996,639 in online gambling revenue, up 7.2% from the previous month. Pennsylvania’s November online poker revenue was down $0.1 million from October. TRENTON, N.J. – As gambling becomes more popular in states like New Jersey, Delaware and … Read more

$1M Won In New Jersey As Wednesday Powerball Jackpot Hits $264 Million

New Jersey PowerBall

A second-prize Powerball ticket worth $1 million was bought at a Walmart in New Jersey The top jackpot valued was valued at $243.4 million, but not drawn by anyone. The odds of hitting the Powerball jackpot are 292 million to 1. TRENTON, N.J. – A very lucky Powerball lottery player just won big, thanks to … Read more

Parlays Make Up The Majority Of New Jersey’s Sportsbook Wins

Parlays

Parlays have been the biggest source of New Jersey sports betting income. They’ve raised $334,232,531 from January through October in New Jersey. This is more than 3x the amount of profit from any other wager in that timeframe. TRENTON, N.J. – The New Jersey Division Of Gaming Enforcement released New Jersey’s October revenue numbers, and … Read more

Bill To Lessen PILOT Payments For NJ Casinos Passes Committee

New Jersey Casino

A bill has been introduced with the intention to lower the 2022 PILOT payment for casinos. The bill is being challenged by many people including state Senator Vince Polistina TRENTON, N.J. – A bill meant to drop the 2022 PILOT payment to $110 million, and totally remove sports and online gaming numbers from casino payments … Read more

NJ Residents Vote Against Expanded College Sports Betting

New Jersey Voting

The expanded college basketball betting issue was voted against during the November 2021 elections. The initiative was added to the ballot in an attempt to allow locals to wager on in-state collegiate sporting events. 56% of voters were opposed to the expansion. TRENTON, N.J. – New Jersey lawmakers saw their college sports betting expansion initiative … Read more