Records are made to be broken, and New Jersey online gambling has done just that. Recently, they surpassed Nevada to take the sports betting lead in America. And now they are the first state to surpass $100 million in online gambling revenue in a month. Sports betting in the state set a new record high of $82 million, a 54% jump from January of last year. Gamblers bet over $945 million on sporting events for the month, down from the previous record $996 million in December of 2020. Online casino revenue reached a record high for the month with a…

As the economic free fall continues for the gambling industry amidst the Coronavirus pandemic, New Jersey sports betting has finally overtaken Nevada as leader of the American market. New Jersey’s total handle was over $6 billion last year, while Nevada sports gambling took in only $4.3 billion in 2020. Nevada regulators cited the coronavirus pandemic for the falling revenue. The first legal bet in New Jersey was placed in June of 2018. “The reason for the decrease to this calendar year was the result of the suspension of gaming operations from March 18 through June 4 due to COVID-19,” the…

The state Casino Control Commission has given a license for Golden Nugget New Jersey. They also conditionally approved a merger of Golden Nugget with an existing special purpose acquisition company already traded on the Nasdaq. Federal regulators must still approve the merger before it becomes final. Vice President of Golden Nugget Atlantic City, Richard Liem, testified that the primary benefit of taking an online gaming entity public was access to capital. He stated that “You need to have adequate access to capital to be able to grow and compete effectively in this nascent and very quickly growing industry.” Casino Control…

Coronavirus may have slowed them down a bit, but New Jersey online gambling revenue has rebounded nicely for October! Internet betting sites in the state were able to bring in well over $90 million which set a new record. Bets on sporting events was also up nearly 30%. Poker was not as lucky. Revenue has been seeing a downward trend for months, but drop did slow. But online casinos did well, with the Golden Nugget increasing revenue 8.2%. Their closest competitors are Resorts and Borgata which continued the chase. Tropicana had the best month of any license holder, up 20.8%….

New Jersey Sues Justice Department – The State of New Jersey has joined New Hampshire as one of the states to sue the Justice Department over their recent reversal of opinion on the Federal Wire Act. New Jersey had demanded documentation related to their revised interpretation of the act, and the DOJ failed to respond. The Department of Justice reversed its 2011 Wire Act this past January, ruling the law’s prohibition applies to all forms of gambling and not just sports betting. New Jersey Attorney General Gurbir Grewal and his Pennsylvania counterpart Josh Shapiro hit out at the decision, demanding…

A congressman from New Jersey threatens the DOJ with lawsuit over their change in opinion on the Federal Wire Act… and not just any congressman. Less than two weeks after the state Attorney General filed a Freedom of Information Act request to find out if anti-online gaming casino mogul Sheldon Adelson helped influence a reversal, the New Jersey Senate President Stephen Sweeney took things a step further. Sweeney (D) wrote a letter to the DOJ criticizing their new interpretation, stating that if the DOJ doesn’t reverse course, New Jersey will take the matter to court. “If the OLC 2019 Wire…