Five dates that set the New Jersey Gambling Tone in 2018
by Ken Edwards, 17 January 2019.
The 12th day of Every Month in 2018
The New Jersey Gaming Industry was celebrating throughout 2018 on the 12th day of every month. In a clear case of the numbers never lie, New Jersey Online Gaming grew almost month-on-month throughout 2018, topping more than $40 million in revenue (combined online casino, online poker and online sports betting figures) in November 2018.
In a runaway success story for NJ online casinos, after reaching the $25 million in revenue milestone for the first time in October, NJ online casinos again topped the figure for the second consecutive month in November.
November also marked the second consecutive month that online casino revenue grew by more than a third — cross-marketing opportunities from New Jersey online sports betting customers appears to be behind the double-digit surge in growth in the online casino side numbers.
May 14 2018 – NJ Wins Court Case to Overturn the PASPA Act
The Professional and Amateur Sports Protection Act (PASPA) passed the US Senate on June 2, 1992. The House of Representatives passed it on October 6, 1992. President George Bush (Senior) signed the bill into law on October 28 1992 and it finally went into effect on January 1 1993.
The goal of the bill was to stop the spread of sports betting, and it did.
Fast forward to May 14 2018, and the U.S. Supreme Court overturned PASPA and the federal sports wagering prohibition with it.
Thanks to New Jersey, it’s now officially off the books, and states are free to legalize and oversee the industry at their discretion.
The decision came after a two-decade long battle between New Jersey and the NCAA, NFL, MLB, NHL and the NBA. The sports leagues filed their suit against the Atlantic State when former NJ Governor Chris Christie attempted to legalize sports betting in New Jersey. Ultimately, the Supreme Court ruled 7-2 that the Federal Law banning sports betting was unconstitutional and dismissed the law.
The decision has changed the U.S. Sports Betting Industry forever, and nowhere more so than in New Jersey, where online casinos enjoy the unique cross-marketing opportunities the new law provides and sports bettors wager securely and fully protected.
June 14 2018 – New Jersey’s First legal Sports Bet
For the record, New Jersey’s Governor, Phil Murphy, placed the first legal sports wager in the state, precisely one month after the U.S. Supreme Court found in favor of the state of New Jersey in the court case against the pro leagues.
On a sunny early summer afternoon at the state’s Monmouth Park Race Track, Governor Murphy placed a $20 wager on Germany to win the 2018 Soccer World Cup. For Governor Murphy, it was a losing bet, but for hundreds of thousands of sports gamblers since, it’s been a winning few months. We can’t wait to see what 2019 brings.
August 1 2018 – DraftKings Online Sportsbook Launches
DraftKings first made plans for launching its great sportsbook for the NJ sports betting public on May 14 2018 — the same day as the pivotal US Supreme Court ruling ending the federal ban on single-game sports wagering.
DraftKings Sportsbook made its debut in New Jersey on August 1 2018 and has been setting month-on-month records ever since.