The gambling industry in the state of New Jersey has seen better days. Lawmakers of the state have been trying to come up with ways to give the industry a boost, especially after a referendum to allow two casinos in the northern portion of the state was shot down by voters in November. Now, it seems that lawmakers have created a bill to try and expand the online gambling industry in efforts to bring in much-needed revenues. The new bill would allow casino operators of the state to partner with the Meadowlands Racing & Entertainment venue as well as the…

New Jersey recorded further online gambling revenue growth during November, despite greater losses in its land-based casino market. Revenue from online gambling in the US state amounted to $17.2 million (€16.5 million) in the month, 29.9% more than the $13.2 million posted in November of last year and higher than the $16.2 million generated in October this year. Casino win in the state came in at $180.1 million, down 5.8% on $191.1 million collected in the corresponding month last year, and also a drop on the $184.6 million posted in October. As a result, total gaming win for the state…

New Jersey’s efforts to bring legal sports betting to its horse tracks and Atlantic City casinos suffered another significant — and potentially fatal — setback on Tuesday when a federal appeals court upheld a previous ruling invalidating a challenge to a federal law that limits such gambling to four states. Following a rare hearing in February before a 12-judge panel from the 3rd U.S. Circuit Court of Appeals, the judges ruled 10-2 in favor of five sports organizations, including the NFL and the NCAA. The leagues had argued that a 2014 state law ran afoul of the 1992 federal law,…

Congressional action appears necessary if sports betting is to be legalized in Atlantic City casinos and elsewhere across the U.S. That’s the conclusion of American Gaming Association President Geoff Freeman following this week’s rejection of New Jersey’s effort to get  a court-ordered change in the 1992 act of Congress that banned most forms of sports betting. The 3rd U.S. Circuit Court of Appeals ruling invalidated a 2014  New Jersey law that would have allowed sports betting at casinos and racetracks. The court found New Jersey’s action repealing prohibitions against sports gambling violated the 1992 Professional and Amateur Sports Protection Act (PASPA)…..

New Jersey will not be able to offer sports betting after its appeal against a previous ruling failed. The United States Court of Appeals decided by a majority of 10-2 that a law passed by New Jersey in 2014 that would have allowed sports betting at its casinos and racetracks did not comply with the federal Professional and Amateur Sports Protection Act (PASPA) which prohibits states from authorising, sponsoring, operating or licensing sports betting. The sports betting bill was first approved by New Jersey voters in 2011, with the country’s four major professional sports leagues beginning legal action against the…

Lawmakers in New Jersey have agreed a deal to send financial support to the US state’s gambling resort of Atlantic City, following a sharp drop in casino revenue during recent years. Total casino revenue in the resort for the 12 months to December 31, 2015, came in at $2.2 billion (€2 billion), down from $5.2 billion in 2006, partially due to the closure of four of its 12 casinos in 2014. With some analysts predicting that revenue will fall again this year, the state has agreed to step in by approving a measure to extend bridge loans and grants to…