Latest NJ sports betting news
Currently, some form of online gambling is legal in four states, while sports wagering is coming to at least six states by the end of or early Under this partnership, MGM Resorts and Boyd Gaming will both have the opportunity to offer online and mobile gaming platforms — including sports betting, casino gaming and poker — in jurisdictions where either Boyd Gaming or MGM Resorts operate physical casino resorts and online licenses are available.
The two companies together saw firsthand the additive opportunity online gambling revenue could provide to the bottom line when done well. Beyond New Jersey and Nevada where both companies have casinos , the deal would impact 13 other states, potentially. Here is the full list:. Of the rest of those states, all of them have at least pondered legalizing sports betting, either via introduced legislation or chatter in their respective statehouses. If MGM was sometimes silently pushing for online gambling in legislation around the country before, this is perhaps the most visible sign yet of how committed the company is to online gambling moving forward.
GVC is unusually qualified due to their existing operations in the U. Together, we are creating a one-of-a-kind platform that we expect will dominate the U.
Highlighting The Legal Advantage. After the Supreme Court decision, NJ lawmakers sprung into action to rollout domestic sports betting, and in June of , the first legal sports bet was made at Monmouth Park. There are no federal or NJ state gambling laws that prohibit offshore betting at licensed and regulated sportsbooks. In this glorious post-PASPA era, NJ bettors now have the option of betting at state-licensed online sportsbooks or legally regulated offshore sports betting site.
This gives residents of the Garden State even more options when shopping for the most favorable betting lines and most competitive odds. The sportsbooks listed in this guide all posses legitimate credentials for legally operating within the industry. In , New Jersey passed legislation to modify their original efforts to allow legal online sports betting to NJ residents through their casino portal, however, at this time there are still no domestic online sports betting options.
New Jersey launched their first online sportsbook in partnership with DraftKings on Monday, August 6th, The sportsbook can also be used by mobile devices. Other Atlantic City casinos have already made partnerships to for online sports betting, but no launch dates have been set for them. Now that domestic sports betting is legal, states can start passing legislation allowing online sportsbook gambling as well, which is exactly what New Jersey has done. The Federal Wire Act prohibits online sports wagering across state lines.
It will prevent New Jersey and other legal sports betting states from accepting bets from anyone outside of their state. States want to increase revenue and the only thing standing in their way of offering online sports betting across America is the Federal Wire Act. This law has actually made it challenging for state-based online gambling enterprises to accept funding online from customers. In their resourcefulness, states are finding alternatives for account funding that are in compliance with this law.