New Jersey

NY sports betting

Mobile NY Sports Betting License Winners On Cloud 9

The New York State Gaming Commission recommended nine mobile NY sports betting operators be licensed at its Monday meeting. The two winning bids: Bally Bet, BetMGM, DraftKings Sportsbook and primary applicant FanDuel Sportsbook. Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, WynnBET and primary applicant Kambi. Those sportsbooks will see gross sports betting revenue taxed at 51%. All nine will be licensed for 10 years […] Read More
Posted on: November 8, 2021 | Regulation Sports Betting | Matthew Waters
NJ sportsbooks

NJ Sportsbooks Break $1 Billion Handle Mark In September

NJ sportsbooks made history in September with the first reported $1 billion handle in a single month. Handle was $1.011 billion, which is up 35.1% from the $748.6 million bet last September. Operators are likely much happier with the 82.9% spike in revenue, though. Sports betting revenue was $82.4 million, good for 8.2% hold and […] Read More
Posted on: October 18, 2021 | Sports Betting | Matthew Waters
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