New Jersey Archives - Legal Sports Report

The Week In Sports Betting News: NJ Again Sets National Record

Happy Monday, everyone. There was plenty of sports betting news for the industry last week, including earnings reports from the two top US sportsbooks. Make sure to follow @LSPReport on Twitter to stay current on all of the latest news coming out of the sports betting world. Top sports betting news: NJ handle again sets […] Read More

Posted on: November 16, 2020 | | Matthew Waters

NJ Sportsbooks Post New Record With $800 Million In Wagers For October

The Meadowlands and its two partners, FanDuel Sportsbook and PointsBet, took the top spot in the market once again, with just under $30 million in revenue. Read More

Posted on: November 13, 2020 | | Brad Allen

DraftKings Refutes Report NJ Sports Betting Whale Had Proxy Deal

DraftKings pushed back Friday on a report suggesting one of its VIP customers enjoyed a side deal to let him bet from outside New Jersey. A spokesperson for DraftKings told LSR that sportsbook director Johnny Avello did not have an arrangement with a customer claiming the company locked his account with a potentially winning $3 […] Read More

Posted on: November 6, 2020 | | Adam Candee

Wynn Invests $80 Million In US Sports Betting Business Via BetBull

The new company contains around 150 people, and has sports betting market access in nine states, Wynn CEO Matt Maddox said. Read More

Posted on: November 6, 2020 | | Brad Allen

How New FanDuel Sportsbook Could Help Extend NJ Sports Betting Edge

FanDuel plans to open a temporary location in Ballys AC by the end of the year - as long as the property is sold to Twin River as planned. Read More

Posted on: October 30, 2020 | | Brad Allen

PointsBet Details Next Two State Launches After Illinois Push

PointsBet is in the thick of it as a multi-state US sports betting operator. The company saw US handle jump 130% to about $117 million in its fiscal first quarter ending Sept. 30. That didn’t lead to a whole lot of revenue, though, with just more than $2 million for the entire US, according to […] Read More

Posted on: October 28, 2020 | | Matthew Waters

Could NJ Sports Betting Market Hit $1 Billion In Monthly Handle?

The NJ sports betting market hit a total that could take a while to be topped – or maybe the Garden State might again top itself next month. Bettors put up $748.6 million with legal New Jersey sportsbooks in September. That’s a new monthly record for both the state and the US sports betting market […] Read More

Posted on: October 15, 2020 | | Matthew Waters

5Dimes Says Regulators Key To Next Steps After Fed Deal On Criminal Investigation

5Dimes is on the hunt for a regulated CEO as the former offshore book continues its transition to the regulated market. The company last week announced a $46 million settlement with the US Department of Justice that clears the 5Dimes assets of legal restrictions. The settlement wrapped a years-long federal investigation of 5Dimes including illegal […] Read More

Posted on: October 6, 2020 | | Brad Allen

Nevada Sports Betting Pushes Post-PASPA Handle Past $25 Billion

It’s only fitting for sports betting in Nevada to push the legal US market beyond a significant post-PASPA benchmark. More than $25 billion has been legally bet on sports in the US since June 2018, the first full month following the end of PASPA. Nevada tipped the scale beyond $25 billion with $475 million in […] Read More

Posted on: September 30, 2020 | | Matthew Waters