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New Jersey Gets Rare en Banc Rehearing in Sports Betting Case

Written by:
Guest
Published on:
Feb/16/2016

Our sister site BettingNewJersey.com has all the latest news as it relates to online gambling in New Jersey.

New Jersey Gets Rare en Banc Rehearing in Sports Betting Case - New Jersey has another chance to make its case to offer traditional sports betting at Monmouth Park and other racetracks and casinos, getting a rare en banc rehearing Wednesday from the federal Third Circuit Court of Appeals in Philadelphia.

Online Gambling in New Jersey – Latest News: Christie Backs Atlantic City Takeover - Atlantic City's local officials backed a revised plan proposed by New Jersey Governor Chris Christie on Tuesday that called for the city to be rescued through additional layers of state oversight and new revenue sources.  Read More

Atlantic City Revenues Half of What They Were Ten Years Ago - Total revenues for the Atlantic City casino industry fell by 6.5 percent in 2015, and the $2.6 billion figure for the year is just half of what they took in at the industry’s peak in 2006, according to figures released Wednesday by the state Division of Gaming Enforcement.  Read More From John Brennan Here

Agreement Reached in Northern New Jersey Casino Expansion Plan - New Jersey lawmakers have reached a deal to put a statewide referendum on the November ballot asking voters whether to approve two new casinos in the northern part of the state.  Republican Gov. Chris Christie joined with Senate President Steve Sweeney and Assembly Speaker Vincent Prieto on Monday to announce a deal that would impose a minimum of $1 billion in investment in each of the two new casinos.

Justin Wong Talks Online Poker in New Jersey - New Jersey poker player Justin Wong is hopeful of a boom in the Garden State where online poker is legal.  Sites like Resorts and PartyPoker have seen record revenues last month.  Read More

Record Revenues for Online Poker in NJNew Jersey regulated online gambling has seen its highest revenue total to date this November, a whopping $13.22mm.  This beat the previous record set in March of this year. Casino revenue ($11.26mm) helped drive that performance and, for the first time ever, Resorts Online Casino pushed past the the $1mm mark. Poker moved into positive territory both month-over-month and year-over-year for the first time in recent memory.  Source: Online Poker Report

Casinos in NJ Outside of Atlantic City? - New Jersey voters would be asked in November whether to approve two new casinos in the northern part of the New Jersey under an agreement unveiled Friday by state lawmakers.  Read More

Celebrities Wanted for Endorsements - Online casinos the likes of Resorts are looking to boost their brands through the use of celebrity endorsements. The state Gaming Enforcement Division unveiled a proposal Thursday to let Internet gambling licensees hire celebrities, and provide them money with which to gamble.  Read More Here

More AC Casinos on the Brink of Closure - A Wall Street firm predicts a new wave of casino expansion in the northeast will lead to more casino closings in Atlantic City.  Moody’s Investors Service says eight new casinos opening in the next three years will put even more pressure on those already Read More

New Jersey Online Gambling Grows Slowly But... Internet gambling is slowly growing — but not expanding — after 21/2 years of online betting in the United States.  Online gambling revenue is increasing in at least two of the three states that offer it — New Jersey and Delaware. The third, Nevada, doesn’t report Internet revenue separately.  Read More

Online Gambling Sees Huge Profit Increase in Atlantic City -  Within digital, Caesars Interactive Entertainment New Jersey (CNIENJ) turned a $2.2m loss into a $1.5m profit, while Resorts Digital, which wasn't live past year, recorded a loss just short of $2m.
Gross operating profits at Atlantic City's eight operational casinos grew 61% year-on-year to $237.4 million in the third quarter of the year, the New Jersey Division of Gaming Enforcement reported on Monday.

Betfair Gains First New Jersey Exchange LicenseEurope’s leading sports betting exchange has just been granted the first ever New Jersey state exchange wagering license.

The New Jersey Racing Commission (NJRC) licensed Betfair US in partnership with Darby Development, the racetrack operator of Monmouth Park.

Betfair, which is slated to merge with Irish-based bookmaker Paddy Power to become the biggest wagering company in the world, has been trying to get licensed in New Jersey for the past four years.

The state is one of three that currently allow intrastate online casinos and poker.

- Gilbert Horowitz, Gambling911.com

The Shift Card Bitcoin Debit Card Coming - The Shift Card, a first ever Bitcoin debit card for American customers, will soon be available to those residing in select states including New Jersey where one should be able to use the card for betting online as legal casino and poker sites like Resorts and Mohegan Sun.  New Jersey gamblers are already able to use their Visa cards to make deposits with sites  Read More

Live Streaming Sites Like Twitch Could Help Give NJ Online Poker a Major Jolt  - The New Yorker on Tuesday featured an article related to the sudden surge in popularity of online poker once again with the advent of live streaming social sites the likes of Twitch.  Perhaps nowhere else in North America could this new trend help more than in the state of New Jersey where sites like Mohegan Sun-owned Resorts Casino look to benefit from legalized intrastate online gambling that includes poker.  Both residents and those who happen to be visiting the state can access sites like Resorts for real money play.  Read More Here

Online Poker Revenue Up 8% in Month of October - The online casino and poker sector in the state is seeing success with sites like Mohegan Sun-owned Resorts leading the way.  Year-over-year, igaming is up 35.6%. In October 2014, $9,484,932 was collected.  $1,913,403 was reportedly taken in for the month of October.

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