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NJ overtakes Nevada with Sports Betting

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vixen777

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For the first time more money was bet at New Jersey Sportsbooks than at Nevada books in a month.

In May, New Jersey books took $318.9 million in bets, beating Nevada books' $317.4 million in wagers during the month, according to gaming regulators in the two states.

The Nevada figures were released Thursday.

Earlier, there was potential that the celebration in the Garden State would be short-lived, with Trenton lawmakers and Gov. Phil Murphy at the brink of a government shutdown that would have impacted racetracks, Sportsbooks and casinos.

But Murphy later in the day said he would avoid a shutdown and sign a budget by the Sunday deadline.

Sports Betting was launched in New Jersey just over a year ago, shortly after the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992, which restricted the action to Nevada and three other states. New Jersey is one of seven new states in the bookmaking business and roughly a dozen more states will follow, according to ESPN.

New Jersey has been the biggest winner. State regulators report that about $3 billion has been bet on sporting events over the past year.
 

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