NJ sports betting updates
New Jersey’s path to legalized sports betting was paved nearly a decade ago by then-Governor Chris Christie. It became the first state to legalize online sports betting in the United States after SCOTUS overturned PASPA. The ruling ended a nearly decade-long legal battle between the state and the five largest U.S. sports leagues and ushered in a new age of online sports betting.
This timeline illustrates NJ sports betting origins and the current state of affairs.
Aug. 5, 2024: New Jersey regulators force bet365 to pay back voided wagers for various bets since 2020.
July 22, 2024: SuperBook Sports pulls out of eight post-PASPA states, including New Jersey.
July 17, 2024: New Jersey’s summer revenue continues to decline in June, enduring a 9.5% year-over-year decrease in profits.
July 17, 2024: NYRA bets to replace FanDuel as New Jersey’s horse racing wagering platform.
July 8, 2024: The New Jersey Division of Gaming Enforcement fines DraftKings $100K for ‘unacceptable’ data errors.
July 3, 2024: A New Jersey legislator introduces a new bill that would legalize sports betting on in-state college teams.
June 25, 2024: Prophet Exchange closes up shop for now, but the New Jersey-based sports betting startup plans to return with a new “pro-consumer” product.
June 20, 2024: New Jersey becomes the first state to approve the wagering on CarJitsu.
June 18, 2024: New Jersey’s Governor signs an executive order to create a responsible gaming task force to address gambling-related problems in the state.
June 14, 2024: A New Jersey tax preparer is handed a 57-month prison sentence for his involvement in a $4.49 million gambling fraud scheme.
June 3, 2024: bet365 is offering fixed odds for horse racing for users in New Jersey and Colorado.
June 3, 2024: There is a reported $9.5 billion in illegal gambling coming from New York, New Jersey, and Minnesota.
May 27, 2024: World Series of Poker launches a new online platform and creates a three-state summer series between Michigan, New Jersey, and Nevada.
May 17, 2024: Soft2Bet looks to bring gamification to North America, with New Jersey being the first U.S. market to gain access in 2025.
May 8, 2024: Fanatics Sportsbook launches in New Jersey, replacing PointsBet in the state.
April 18, 2024: Fanatics-owned PointsBet surges ahead of DraftKings in New Jersey during March.
April 18, 2024: New Jersey sees a nearly 30% YoY handle increase in March.
April 10, 2024: New Jersey State Senator Kristin Corrado introduces legislation that would prohibit college player prop betting in the state.
April 3, 2024: Prime Sportsbook launches in New Jersey, bringing an “American-style sportsbook” to the Garden State.
Feb. 20, 2024: New Jersey sets all-time sports betting handle and revenue records in January, earning $1.7 billion and $170.8 million, respectively.
Feb. 16, 2024: iDEA’s new report confirms iGaming boosts revenue for New Jersey brick-and-mortar casinos, estimating a projected 1.7% annual lift.
Feb. 15, 2024: Super Bowl 58 generates $141 million in sports betting handle in New Jersey, up 30% from last year’s Big Game.
Feb. 4, 2024: Fourth try’s a charm in Atlantic City smoking ban bill, as the long-stalled measure was finally advanced in the Senate last week.
Jan. 26, 2024: bet365 launches free-to-play fantasy contest in five states, including New Jersey, ahead of NFL Championship Weekend, offering a $25,000 prize pool for each game.
Jan. 17, 2024: New Jersey surpasses $1 billion in sports betting gross revenue for 2023 after netting $109.4 million in profits in December, which was a 24.8% rise year-over-year and a 14% increase from November.
Nov. 14, 2023: ESPN BET goes live with online and mobile sports betting, launching in New Jersey and 16 other states.
Nov. 2, 2023: ESPN BET plans to launch on Nov. 14, 2023, with online sports betting going live in 17 U.S. states, including New Jersey.
Sept. 6, 2023: State officials urge residents to avoid illegal NJ sportsbooks as the football season comes into focus.
Aug. 11, 2023: WynnBET announces the closing of its online sports betting operation in New Jersey as soon as possible.
July 20, 2023: PlayUP suspends its New Jersey operations amid chatter of an impending sale of its U.S. business.
July 3, 2023: New Jersey extends iGaming by five years through November 2028.
June 23, 2023: Senate Bill 3075 and Assembly Bill 2190, which would allow online casino gambling to continue for another 10 years, are making their way through the NJ Senate.
June 14, 2023: This date marks five years since the first legal sports bet in New Jersey at Monmouth Park.
May 1, 2023: The New Jersey Devils defeat the New York Rangers in seven games to advance to the second round of the Stanley Cup Playoffs.
April 20, 2023: New Jersey increases responsible gambling efforts by installing its own “Responsible Gaming Coordinator” to oversee NJ sports betting gambling addiction efforts.
April 18, 2023: New Jersey sports betting handle tops billion-dollar mark in March.
March 16, 2023: February produces a handle of $847.4 million in sports betting wagers, with 95% coming from online sports betting sites.
March 21, 2023: New Jersey legislators introduce bills to prevent and combat problem gambling and prohibit sports betting partnerships between operators and colleges.
March 16, 2023: February produces a handle of $847.4 million in sports betting wagers, with 95% coming from online sports betting sites.
March 15, 2023: The Fairleigh Dickinson Knights prepare to square off with Texas Southern in the First Four. FDU is making its seventh NCAA tournament appearance in team history.
Feb. 8, 2023: David Rebuck, New Jersey’s chief gaming regulator, affirms that the state’s responsible gambling standards and best practices should be applied to online casino and sportsbook operators nationwide.
Jan. 17, 2023: The New Jersey legislature hopes to extend the state’s online betting law until 2033 — this will be one of the main items up for consideration as the first 2023 legislative session opens.
Oct. 17, 2022: Fubo Sportsbook officially discontinues its online sports betting product, leaving the New Jersey, Arizona, and Iowa markets.
Sept. 16, 2022: The New Jersey Division of Gaming Enforcement releases the state’s August sports betting figures, revealing a 2.8% increase from July’s total handle. New Jersey takes in north of $546 million in August.
Sept. 8, 2022: Fubo Sportsbook launches statewide in New Jersey, becoming the first of its kind to integrate viewing and betting in one platform.
Aug. 29, 2022: Prophet Exchange, a peer-to-peer sports betting exchange that acts as an alternative to traditional NJ sportsbooks, launches in New Jersey. It is the first legal sports betting exchange to establish itself in the U.S.
Aug. 8, 2022: Novibet, a European operator, gains NJ market access for its online casino and sportsbook via an agreement with Caesars Entertainment.
July 15, 2022: New Jersey’s sports betting handle drops for the third consecutive month. The Garden State experiences a year-over-year dip of about 17% with its $633.1 million June 2022 handle.
June 16, 2022: New Jersey’s sports betting handle slides again in May, dropping 17.3% from $925.9 million to $766.4 million.
June 10, 2022: TwinSpires exits the NJ online sports betting market.
May 26, 2022: All NJ sportsbooks will introduce two-factor authentication to their customers by June 30, 2022.
May 17, 2022: New Jersey falls just shy of the billion-dollar mark with an April sports betting handle of $926.9 million.
May 6, 2022: NJ takes its first fixed odds horse racing bet at Darby Development’s Monmouth Park in Oceanport.
April 26, 2022: NJ online sportsbooks will implement two-factor authentication, adding an extra layer of protection to customer accounts.
April 18, 2022: For the sixth time in seven months, New Jersey reported more than $1 billion in sports betting handle, hitting $1.12 billion in March 2022.
Feb. 16, 2022: New Jersey records $1.35 billion in sports betting handle for January, its most lucrative month ever.
Jan. 24, 2022: Esports Entertainment Group (EEG) announces it will launch its VIE.gg esports betting platform in New Jersey. EEG becomes the first esports-centric operator to be granted access to the NJ betting market.
Jan. 14, 2022: The NJ sports betting handle once again surpassed the $1 billion mark, totaling $1.23 billion in December 2021.
Jan. 6, 2022: PointsBet announced that live casino gaming is up and running for users in New Jersey, via its mobile app and desktop.
Dec. 21, 2021: New Jersey Division of Gaming Enforcement reported that NJ sportsbooks captured $1.26 billion in wagers in November.
Nov. 23, 2021: Betway becomes an official sports betting partner of the New Jersey Devils.
Nov. 17, 2021: Garden State bettors wagered $1.3 billion in October, shattering the previous record just one month earlier.
Nov. 2, 2021: New Jersey voters rejected a constitutional amendment that would have allowed betting on the state’s college teams.
September 2021: New Jersey records $1 billion in monthly action, becoming the first regulated state to hit the benchmark.
Sept. 8, 2021: Fubo Sportsbook announced a multi-faceted partnership with the New York Jets. Fubo will become the NFL team’s official sports betting partner sometime in 2021-22, pending regulatory approval.
Aug. 24, 2021: The Penn National Gaming-owned Barstool Sportsbook officially launches in New Jersey.
Aug. 20, 2021: Barstool Sportsbook quietly enters the NJ sports betting market with its soft launch. The Penn National Gaming sportsbook partner is operating under special conditions to abide by state regulations.
Aug. 16, 2021: Betway partners with New Jersey-based Digital Gaming Corp. to offer its products in the United States. The operator enters NJ with a soft launch from Aug. 16-20.
June 21, 2021: New Jersey becomes the first U.S. state to legalize fixed odds horse race betting.
June 2021: Voters in the November general election will have the opportunity to decide whether to allow bets on New Jersey college teams or teams from other states playing games in NJ. The state legislature gives final approval to a measure placing a referendum on the fall ballot.
Aug. 2018: DraftKings Sportsbook becomes the first legal online operator to accept mobile wagers in New Jersey.
June 2018: NJ Governor Phil Murphy signs Assembly Bill 4111, allowing the state to implement legalized NJ sports betting at casinos and racetracks.
May 2018: SCOTUS overturns the Appeals Court decision, ruling that PASPA was unconstitutional.
June 2017: New Jersey appealed the decision and the Supreme Court (SCOTUS) agrees to hear arguments in favor of overturning PASPA.
September 2013: New Jersey appealed the District Court’s ruling, but it was rebuffed.
February 2013: The U.S. District Court rules in favor of the leagues. New Jersey is prohibited from issuing NJ sports betting licenses.
August 2012: The five leagues file a federal lawsuit against New Jersey to prevent sports betting, based on the Professional and Amateur Sports Protection Act (PASPA) of 1992.
January 2012: Despite opposition from the NCAA and four major professional sports leagues — NFL, NBA, NHL, and MLB — NJ Gov. Chris Christie signs legislation allowing sports betting in New Jersey after it was approved by a voter referendum.
November 2011: New Jersey holds a referendum to overturn the federal ban on legalized sports gambling. Voters approved the measure by a wide margin.
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Publish date : 2024-08-05 23:02:00
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