..

New Jersey Loses Out On $87.5 Million

Written by:
C Costigan
Published on:
Feb/08/2011
New Jersey

Sitting on New Jersey Governor Chris Christie’s desk right now is a bill to legalize sports betting in the state.  He has yet to sign the bill, nor has he vetoed it for that matter.

Unfortunately, the state, and specifically Atlantic City, lost out on the potential for $87.5 million.

That dollar amount was not pulled out of a hat.  This is how much was wagered on the Super Bowl in Las Vegas over the weekend.

And to think that some experts believe Las Vegas only accounts for a mere 1 percent of the wagers coming in on the Super Bowl.  The rest is bet online and with local bookies, a great many of whom reside in the New York and Philadelphia metropolitan areas. 

With a local betting market that likely exceeds that of Vegas, Atlantic City could easily have seen something close to the $87.5 million mark, if not more. 

“There are no legalized sportsbooks outside of Las Vegas, none even remotely close to Atlantic City,” says Payton O’Brien of Gambling911.com.  Delaware allows a parlay betting system for multiple NFL games only.  As such the state was excluded from taking bets on the sole Super Bowl event. 

“In Vegas, Super Bowl weekend attracts the most business of the year,” O’Brien added.  “It’s not just the wagering at sportsbooks, it’s the overall experience.  Get people in town for the Super Bowl, they spend across the board.  Atlantic City is missing out.  They could promote themselves as the ideal location for Super Bowl weekend, attracting nearby residents from across the state, New York City, Philadelphia and even Washington, D.C.”

And this year, they could have had a nice contingency from Pittsburgh.    

"Sports betting already exists in New Jersey, but only the criminals are enjoying the profits," said Assemblywoman Connie Wagner, D-Bergen. "Sports fans put billions of dollars on the line every year, regardless of its legality. A legal Atlantic City and race track-based sports book would ensure bettors are not fleeced or put in harm's way."

State Senator Raymond Lesniak has blasted the federal hypocrisy getting in the way of New Jersey’s ability to offer sports wagering.  Aside from Nevada and Delaware, Montana and Oregon also allow for limited sports betting options. 

“It’s ridiculous to me that New Jersey and 45 other states cannot legally bet on sporting events, but citizens in four states can,” he says. “We are being discriminated against.”

- Christopher Costigan, Gambling911.com Publisher

Gambling News

FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan

FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan

FanDuel Group, in collaboration with MotorCity Casino, officiallylaunched a fully integrated, real money online gaming experience for residents and visitors to the state of Michigan Friday January 22, 2021.

Can't Bet the Cavs From Virginia

Can't Bet the Cavs From Virginia

Sports betting officially launched in the commonwealth of Virginia Thursday, courtesy of FanDuel.  You just can't bet your beloved Cavaliers there.  A number of offshore sportsbooks the likes of BetUS are still accessible from Virginia and do take bets on the Cavs, so no worries there.

Bill to Expand Sports Gambling Introduced in Washington State Legislature

Bill to Expand Sports Gambling Introduced in Washington State Legislature

A bill to expand sports gambling in Washington state beyond Indian casinos and into privately-owned card rooms has been introduced in the state Legislature for the second consecutive year.

Indiana Casino Bigwig Fights State Over Ouster Order

Indiana Casino Bigwig Fights State Over Ouster Order

A longtime heavyweight in Indiana’s gambling industry is fighting state regulators’ attempts to force him to give up his stake in a Lake Michigan casino and a $300 million new casino project in Gary.

Brian Urlacher’s Brother Pardoned by Trump: Ran Illegal Sportsbook

Brian Urlacher’s Brother Pardoned by Trump: Ran Illegal Sportsbook

The brother of Chicago Bears Hall of Fame linebacker Brian Urlacher has been pardoned of federal charges that he recruited for a multimillion-dollar illegal offshore gambling ring.

Syndicate