Mid this year the US Federal ban on sports betting died when the Supreme Court allowed every state to legalize gambling. The Professional and Amateur Sports Protection Act (PASPO) was struck down.
Nevada was the only state which had legalized gambling. This was done in 1931. Since then the state has always adjusted a series of changes when it comes to federal taxation.
PASPO had created a de facto policy in Nevada but those days are long gone. Now, it seems that New Jersey might follow suit and legalize gambling – which means that you don’t just need to look online to gamble. Instead, you could have some great gambling places opening up all over New Jersey as well, which we are sure will mean more options for you.
If you are one of the New Jersey bettors, we are sure this development has got you excited.
New Jersey’s Decision to Legalize Gambling
Most sports bettors would love Las Vegas like casinos, and New Jersey might soon have a good few of them.
New Jersey did not waste any time to get into the gambling business. Gamblers in New Jersey were overjoyed after the ban was lifted. Two weeks later the Monmouth Park had already started collecting bets.
However, it is good to note that New Jersey has some of the most permissive gambling loans in the US.
There are 23 casinos in New Jersey which are spread out across the 12 cities. The casinos have more than 30,451slots and gambling machines. There are 1529 table games with the minimum amount which you can bet being $0.01.
There are a lot of gambling opportunities in Atlantic City, a reason it has consistently been ranked the second gambling city after Las Vegas. They include: – bingos & raffles, amusement games with risk and reward seaside and at county fairs, thoroughbred horse racing and Standardbred harness racing, off-track betting, and online poker and casino gambling
The biggest casino in New Jersey is the Bally’s Atlantic City. It has more than 5,200 casino games and 230 table games.
Even though they have some of the permissive laws, online gambling and Atlantic City Casino are scrutinized by the New Jersey Casino Control Commission.
As more and more gamblers are getting attracted to the gambling scene in New Jersey, online sports books are taking over. For instance, the Draft King Sportsbook was the first mobile platform to launch in the state. They ended up dominating the market for the first three weeks. The online betting platform garnered $2.9 million in total revenue.
Other sports and betting platforms such as playing, SugarHouse Sportsbook and FanDuel Sportsbook joined in the bandwagon. The NFL and college student about to start these online betting platforms are ready to seize the opportunities.
The revenue of the state has continued to grow with an increment of 22.5% last month. They played a very dominant role in the US market.
It’s more than clear that New Jersey will give Nevada a run for its gambling prowess.