New Jersey Senate could relax regulations on NBA betting
Friday 30 de August 2019 / 15:05
2 minutos de lectura
(New Jersey).- This week, New Jersey’s State Senate passed a law that would enable Atlantic City’s Golden Nugget Casino to take bets on all NBA contests, aside from those that involve the Houston Rockets team which was acquired by the casino’s owner, Tilman Fertitta, in 2017.
Current legislation means that sports betting operators that are owned by individuals/companies with 10% or more holding in a team may not take wagers on games from that team’s league.
The regulations have had a significant impact on the revenue of the casino, with it taking just $539,503 from sports betting ($319,437 online and $220,066 for retail) – the second-lowest total of any New Jersey sportsbook.
That figure looks worse still considering that basketball, by far the most profitable sports wagering option in New Jersey, has so far attracted circa $855m in handle.
Moving forward, the bill will be moved to Governor Phil Murphy for final approval. Should he approve, the loosening of restrictions will likely be warmly welcomed by Golden Nugget and the overall sports betting sector.
Integrity and a matter of conflict of interest saw the implementation of the bill, however with Bill A5463 passing smoothly through the Assembly 76-0 in June and the Senate 26-1 on Monday, it’s seemingly clear that there has been an error of judgement.
Categoría:Sportsbook
Tags: Sports Betting, NBA , Sportsbook ,
País: United Kingdom
Event
BiS SiGMA Américas 2025
07 de April 2025
BiS SiGMA Americas 2025: The ideal platform for Pay4Fun to showcase its leadership in Brazil’s regulated market
(Sao Paulo, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder at Pay4Fun highlighted the relevance of its participation in BiS SiGMA Amercias as a key opportunity to showcase its solid positioning in the Brazilian regulated market, and also highlighted the event as an ideal platform to establish strategic partnerships in Brazil and Latin America.
Friday 25 Apr 2025 / 12:00
Altenar Highlights Success at BIS SiGMA Americas 2025, Strengthening LATAM Gaming Opportunities
(Sao Paulo, SoloAzar Exclusive).- Altenar Sales Director Diego Salas granted an interview to SoloAzar, in which he evaluated the performance of the firm at BIS SiGMA Americas, where Altenar showcased its sportsbook solution. “The event definitely helped move some key opportunities forward,” he said.
Friday 25 Apr 2025 / 12:00
Atlaslive’s Highlights from BiS SiGMA Americas 2025
(São Paulo).- Atlaslive proudly announces its successful participation in BiS SiGMA Americas 2025, where the company launched a cutting-edge sports betting platform meticulously designed for the Brazilian market. This event represented a valuable opportunity for Atlaslive to connect with industry leaders, forge strategic partnerships, and discuss the evolving landscape of gaming in Latin America.
Thursday 24 Apr 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.