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Industry
April 17, 2024
New Jersey’s Regulator Publishes March Revenue Figures
The New Jersey Division of Gaming Enforcement has published its March 2024 report, highlighting an increase in iGaming win contrasted with a slight decline in wagering revenue. Casino win, on the other hand, remained stable. According to the division, New Jersey’s nine casino hotel properties reported a total win of $239.8 million for March 2024. […]
Industry
April 12, 2024
New Jersey Bill Proposes Online Gaming and Betting Tax Hike
New Jersey lawmakers want to drastically raise the iGaming tax, mirroring the high taxation rates in other states where online gambling is legal. Under Senate Bill 3064, New Jersey’s tax for online gambling would skyrocket to 30%. For reference, online casino operators in the Garden State currently have to pay a tax of 15% plus […]
Industry
April 11, 2024
Push for Smoke-Free Casinos Targets Shareholders of Gambling Firms
The debate about smoking on casino floors across the United States has been ongoing for decades. While casino operators claimed that an indoor smoking ban would hurt their revenues, health and workers’ rights organizations voiced their concerns about the negative impact of second hand smoke on the employees’ health. Smoking indoors is prohibited across the […]
Sports
April 10, 2024
NJ Sen. Kristin Corrado Proposes College Prop Bet Ban
The nationwide expansion of sports betting brought a legal form of wagering for millions of Americans. A majority of the US states currently offer the activity, while a handful of states are currently trying to legalize it. Yet, the statewide betting expansion continues to raise concerns about the integrity of professional and collegiate sports. Over […]
Casino
April 10, 2024
Atlantic City Casino Workers’ Battle for Smoking Ban Faces Setback
The anticipated hearing for the lawsuit filed by Atlantic City casino workers seeking a smoking ban has been postponed, marking a significant setback in their ongoing fight for safer working conditions. Initially scheduled for April 25, the hearing has been delayed by two weeks following a request from the New Jersey Attorney General’s office. Lawsuit […]
Casino
April 9, 2024
New Jersey Operators Report a Decrease in Profit in 2023
The New Jersey Division of Gaming Enforcement has published data about the local casinos’ performance in Q4 2023, reporting a decrease in gross operating profit despite an increase in net revenue. The report highlights Q4 net revenue of $781.9 million, reflecting a 1.3% increase year-on-year. As mentioned, gross operating profit declined by 3.6% to $148.5 […]
Casino
April 8, 2024
Workers File Lawsuit to Overturn Atlantic City Casino Smoking Exemption
After years of unsuccessful attempts to persuade lawmakers to ban smoking in Atlantic City casinos, workers have taken a new approach: filing a lawsuit to challenge a law that exempts casinos from indoor smoking bans. The lawsuit argues that the exemption for casinos violates the principle of equal protection under the law and seeks to […]
Sports
April 3, 2024
Prime Sportsbook Joins New Jersey’s Booming Sports Betting Market
Prime Sportsbook has quietly entered the bustling sports betting scene in New Jersey, marking its soft launch on Easter Sunday, March 31, and offering another avenue for Garden State bettors. Prime Sportsbook Offers Web Access, Mobile Apps Expected Later On As of now, Prime Sportsbook New Jersey is accessible solely via web browsers, with the […]
Industry
April 3, 2024
New Jersey Gambling Regulator to Change Revenue Reporting Methodology
The regulation of gambling activities, including licensing, monitoring of the market and releasing monthly and yearly financial reports for licensees in New Jersey is in the hands of the regulator in the state, the Division of Gaming Enforcement (DGE). Currently, the gambling regulator discloses monthly data regarding the reported proceeds from iGaming, casino and sports […]
Industry
March 29, 2024
Atlantic City Hotel Room Price Lawsuit Receives Federal Support
A lawsuit against leading gaming and hospitality operators in Atlantic City, New Jersey, reportedly received support from a couple of federal regulators. The legal action claims casino-hotel operators engaged in anticompetitive actions regarding hotel room rates which have been increasing since 2018. The lawsuit was initially filed by a couple of tourists in May 2023. […]
