..

New Jersey Online Gambling Revenue Estimates Dip Further

Written by:
Associated Press
Published on:
Jul/15/2014
New Jersey Online Gambling Revenue Estimates Dip Further

(Associated Press) - A Wall Street firm that was among the most pessimistic about the prospects for Internet gambling in New Jersey has cut its already-conservative estimate on the state's first-year online winnings by more than half.

Tuesday's move by Fitch Ratings comes a day after New Jersey reported a third straight monthly decline in the amount of money won by the state's Internet betting operations, partnered with Atlantic City casinos.

The online casinos won $9.5 million in June, and have taken in $63 million for the year.

That prompted Fitch to cut its estimate of New Jersey's 2014 Internet winnings to $120 million to $130 million, down from the $200 million to $300 million it had forecast in December.

 

 

Gambling News

Boost Your Bookmaking Business

Boost Your Bookmaking Business

Bookies, start making real money, get out of the old and get into the new with a white label pay per head. You must stop thinking small and start winning. The time is now to get in and the busy season is right around the corner. If you want to make a small fortune this year, then you must find ways to boost your business and step it up.

Experts: Loot Boxes Not Gambling

Experts: Loot Boxes Not Gambling

We have so much news on the latest lootbox fiasco in the UK, let's take a look at what's transpiring this Monday on all fronts.

Canadian Police Nab 9 Suspected Mobsters: 'Very Dangerous Organization'

Canadian police on Thursday said they had arrested nine suspected members of a powerful Mafia clan with roots in southern Italy involved in money laundering and illegal gambling in the Toronto area, seizing C$35 million ($26.8 million) in assets, including five Ferraris.

5 US Sports Betting Related Stocks to Pay Attention To

5 US Sports Betting Related Stocks to Pay Attention To

Market Watch believes these are the five companies that were flourish within a regulated US sports betting framework, but will they really?

Draftkings Suspends Baseball Writer Jonah Keri Following Arrest

Draftkings Suspends Baseball Writer Jonah Keri Following Arrest

Jonah Keri was suspended by The Athletic and DraftKings Friday following his arrest on charges of assault and uttering death threats against his wife. Rogers Sportsnet also said they plan to let the Major League Baseball writer go.

Syndicate