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
GAT Expo CDMX 2025
28 de August 2025
Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025
(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.
Tuesday 16 Sep 2025 / 12:00
GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico
(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.
Monday 15 Sep 2025 / 12:00
21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico
(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.
Monday 15 Sep 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.