News

A Florida man who recently placed $3 million with DraftKings in parlay wagers in New Jersey has had betting account frozen after it was discovered that the bets were placed outside the state lines of the Garden State.

New Jersey has a new face of sports betting. Academy Award winning actor Jamie Foxx as the face of the latest advertising campaign for leading New Jersey online sportsbook BetMGM.

Live in New Jersey and you’re looking to take further control of your sports betting wagers? Look no further than Borgata Sportsbook.

Sports Betting in New Jersey is still not back to its heady days of February and its ongoing month-on-month betting handle and revenue increases, following the shutdown of world sporting action. However, there’s good news that sports betting appears to have turned the corner in the Garden State and it’s picking up again.

When the Professional and Amateur Sports Protection Act (PASPA) was repealed in May 2018 and states began to legalize sports betting, there was a lot of gaming industry talk that the state of Nevada as a whole would lose many customers, its sports betting influence, and that the very essence of sports betting would alter as a result have options.

The news that six men have been charged with running illegal gambling sites highlights the commitment of legislators to protect people who enjoy betting.

The Pennsylvania Gaming Control Board this month awarded an online gambling license to Sands Casino Resort Bethlehem and to another casino. However, in the biggest news of all perhaps, licenses to operate Pennsylvania’s first legal sports books were awarded to the operators of the Parx Casino in Bensalem.

In June 2019, the Garden State of New Jersey overtook Nevada in terms of both handle and revenue, and it’s been widening ever since. From May 2019 to August 2019, New Jersey’s sportsbooks beat out Nevada sportsbooks in three of four of those months. In August 2019 alone, New Jersey’s sportsbooks took in $293.5 million in bets, and $25.5 million in revenue, beating up on Nevada’s $288 million and $18.7 million respectively.

According to a recent market research report published by Transparency Market Research, the global online gambling market is expected to reach a value of US$ 128.2 billion by 2026, increasing at a compound annual growth rate (CAGR) of 11.8% to 2026. While in 2017, Europe held the leading share of the global online gambling market,

FanDuel Sportsbook has introduced a bold new feature that will ensures it keeps one step ahead of the mobile sportsbook competition in the lucrative New Jersey sports-betting market. Last week, FanDuel launched to its mobile app and also released on its website, a "Cash Out" option.