New Jersey Archives - Legal Sports Report

What Can NJ Sports Betting Learn From UK Ban On Reverse Withdrawals?

The UK Gambling Commission said Tuesday that all UK operators must stop offering reverse withdrawals because of the risk to problem gamblers. Read More

Posted on: February 24, 2021 | | Brad Allen

NJ Sports Betting Market Keeps On Rolling With Record January Revenue

The Meadowlands license, led by FanDuel Sportsbook, accounted for 56% of all NJ sports betting revenues in January. Read More

Posted on: February 17, 2021 | | Brad Allen

NJ Sports Betting Regulator Declines To Name Operators In Reverse Withdrawal Row

The New Jersey Division of Gaming Enforcement (DGE) denied an LSR Freedom of Information request for the relevant records around reverse withdrawals. Read More

Posted on: February 16, 2021 | | Brad Allen

BetMGM Growing As Contender For Sports Betting Medal Stand

BetMGM went from being live in three states to start 2020 to 10 at the end of the year, with “sustainable” leadership positions. That’s according to MGM Resorts CEO Bill Hornbuckle, who gave the joint venture with Entain significant attention during MGM’s year-end earnings call Wednesday. BetMGM closed 2020 with $178 million in net revenue, […] Read More

Posted on: February 12, 2021 | | Matthew Waters

Legal Super Bowl Betting Handle Already Tops Last Year’s Total

We’re still waiting on more states to report, but legal Super Bowl betting already topped 2020‘s total. So far, handle from 13 states plus Washington DC reporting full or preliminary results on Super Bowl 55 totaled $443.7 million: *Denotes preliminary results Legal betting states reported more than $280 million in handle last year with the full US […] Read More

Posted on: February 9, 2021 | | Matthew Waters

GeoComply Data Show Legal Online Sports Betting Transactions Triple For Super Bowl

Online sports betting data from GeoComply shows more than triple the action on Super Bowl weekend compared to last year. Online transactions topped 32 million over Saturday and Sunday, up 236% from 9.5 million in 2020. That figure includes all legal online sports betting markets, of which there were an additional seven this year: Colorado […] Read More

Posted on: February 8, 2021 | | Matthew Waters

PointsBet Hits Record NJ Sports Betting Handle On High-Roller Action

PointsBet saw a 13.5% New Jersey online handle share for the three months to 31 December, but lost money as high rollers ran hot. Read More

Posted on: February 2, 2021 | | Brad Allen

Analysis: New York Wants $500 Million A Year From Sports Betting, So Good Luck With That

LSR investigates New York budget director Robert Mujica's claim that a monoply model would help NY generate $500m in tax revenue instead of $50 million. Read More

Posted on: January 25, 2021 | | Brad Allen

Mobile NY Sports Betting Bills On The Move As Committees Approve

The NY sports betting proposal some legislators appear to favor over Gov. Andrew Cuomo‘s state-run model is getting support in both chambers. The New York Senate voted S 1183 out of committee on Tuesday. The Assembly followed suit, voting A 1257 out of committee on Wednesday. Multiple members of the assembly voiced enthusiastic support for […] Read More

Posted on: January 20, 2021 | | Matthew Waters