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Monday, nov 25
Tag:
Sports Betting
News
NJ Man Sues FanDuel
A Bergen County man has filed a lawsuit against online sports betting website FanDuel alleging the company breached its own policy and failed to pay him his full winnings after he pulled out of an active bet. Michael Wadlow, 35, of Upper Saddle River (and soon Ramsey), filed the suit on Oct. 4 in New Jersey Superior Court alleging he self-excluded from a bet with a $5,800 cash-out option and was only refunded his inital $500 wager. Wadlow says in self-excluding, he was relying on FanDuel's website, which says that "active and pending wagers will not be canceled" for anyone who self-ex…
News
Jackpot
: NJ Man Wins $231K After Hitting 12-Leg Sports Bet Parlay
A New Jersey man won the largest HardRockCasino.com jackpot since sports gambling became legal in the state, the casino said. Gregory L. of Monmouth County put down $326 before hitting the 12-leg parlay, winning $231,000 in a multi-sport parlay, the casino said. Gregory connected on six NBA and NHL games last Thursday, NJ.com says citing his betting slip. Here were his bets, according to the outlet. Brooklyn Nets over Boston Celtics (money line) Toronto Raptors vs. Atlanta Hawks (over 56.5 points in the first quarter) Miami Heat vs. Orlando Magic (over 210.5 points) New York Knicks vs. M…
Sports
NJ Sports Betting Nears $1B Monthly Record
There's a silver lining during the coronavirus for sports bookies and online casino betting who neared a record $1 billion in legal gambling in November, analysts said. Year-over-year growth in New Jersey has been striking for what is now the nation’s largest sports betting market. New Jersey became the first state in history to post a sports betting wagers of more than $900 million, as the Garden State’s online and retail sportsbooks put the first $1 billion month clearly in their sights in November, according to analysts for PlayNJ. “Even if New Jersey can’t quite reach $1 billion …
Business
NJ Casinos, Racetracks Score Nationwide Sports Betting Record
New Jersey sports gamblers bet a nationwide record $668 million last month, officials said. That smashed the previous one-month record of $614 million bet in Nevada in November 2019, according to the state Division of Gaming Enforcement. The Garden State's previous one-month record for sports betting was $562 million set in November 2019. August was the first full month of professional baseball this year, and gamblers also had hockey and basketball playoffs to bet on. Casinos were closed earlier this year due to coronavirus, and were capped at 25% capacity. Even so, internet gambling at r…
Sports
New Jerseyans Can Bet On Nathan's Hot Dog-Eating Contest
For the first time in event history, three states that legalized betting on the Nathan's Hot Dog-Eating Contest -- and New Jersey is one of them. This year is the first that the July Fourth contest won't go down in front of the Nathan's joint on Coney Island in front of live spectators. Instead, it will be held in an indoor venue on Coney Island at noon Saturday with no live audience due to COVID-19. Wagering approved by the state's Division of Gaming must stop before the event begins as no live betting is allowed.Bookmakers can only offer bets tied directly to the competition. Joey "Jaws"…
Business
Atlantic City Casinos Take $200M Nosedive Amid
Covid-
19 Crisis
Coronavirus spelled bad luck for Atlantic City's casinos. Closed by the COVID-19 epidemic on March 16, the Garden State's gambling hub took in about 69 percent less money in April 2020 than last April -- bolstered only by a more than doubling in internet betting proceeds. All totaled, casino revenue fell by nearly $200 million last month from a year ago. The silver lining was that online gambling revenues rose by nearly 120 percent year-to-year, collecting an additional $43 million. According to the state Division of Gaming Enforcement, the city's nine seaside resorts collected about…
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