The Daily Journal – By this time, New Jersey figured it would be raking in the bets on professional and college sports. But with its bid to offer legal sports betting stalled and relying on a long-shot appeal to the U.S. Supreme Court, the only madness this March will bring to New Jersey is anger that things did not turn out quite the way it had hoped. A handful of state legislators and Atlantic City’s mayor held a news conference Wednesday to tout the benefits of sports betting. But the only nine people who could really help them — the…

Card Player – The New Jersey online gaming industry has been steadily growing since its inception in late November of last year. Despite this, the state is revising some of its projections on tax revenue from the new games. To put it simply, some predicted that the games would be more lucrative right off the bat than they have proven to be. Early predictions were that more than $1 billion would be reaped by the casinos from online gambling during fiscal year one. That would have netted the state around $180 million in extra tax revenue. According to the most…

The growth of New Jersey’s web-based gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9% online gaming revenue increase in February. The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million. The numbers released Wednesday by the state Division of Gaming Enforcement show the market starting to plateau. But Brian Mattingly, CEO of 888 Holdings, which partners with Caesars Entertainment to offer online gambling in New Jersey, is pleased with the fledgling market thus…

Poker News – On November 23, 2013, partypoker returned to the United States with their launch in New Jersey. Now, just four months later, the site is already closing in on the 30,000,000th hand mark. To celebrate the landmark, NJ.partypoker.com will be giving away more than $40,000 to players across the Garden State. Starting on hand 25,000,000, partypoker will be counting down five million hands to that epic 30,000,000th deal. Along the way, the winner of each milestone hand (25,000,000-29,900,000) bags $1,000 while everyone else at the table gets $100 each. The winner of the 30,000,000th hand gets $10,000 with…

Online Poker Report – Six weeks ago, I took my first real look at New Jersey’s six major poker sites. Since then, that number has been effectively reduced to five, as I can’t in good faith review a site that generates less monthly revenue than a lemonade stand does in a blizzard (at least Betfair’s NJ-based online casino is faring somewhat better). The rest of the Garden State’s virtual poker offerings have spent the past month-and-a-half jockeying for position, spending significant sums of money on partnerships, advertising and other marketing schemes in the process. Some networks, like Party Poker NJ,…

CBS – Bookmakers and organized crime members have long profited in the high-stakes world of illegal sports gambling. New Jersey is now appealing to the Supreme Court to legalize betting on games. The state hopes to collect millions. However, as CBS News’ legal analyst Jack Ford reports on “60 Minutes Sports,” the ruling won’t put the mob out of business. If it becomes legal, New Jersey Governor Chris Christie has said there would be strict state oversight, much like the way it works at his state’s Atlantic City’s casinos. But Angelo Lutz, who is a legitimate businessman and restaurateur, told…