New Jersey Sports Betting Payoff • This Week in Gambling

A year ago, the New Jersey sports betting fight was handed a victory by the Supreme Court, with the justices deeming the Professional and Amateur Sports Protection Act (PASPA) unconstitutional. Since then, New Jersey and six other states have provided citizens with what they said they wanted in 2011 when voters approved a sports betting referendum.

In the first three months of 2019, more than $1 billion has been legally wagered across the state. In March alone, New Jersey’s sports betting handle made up a third of the total amount bet legally on sports across all states with legal markets. That means valuable tax revenue, with nearly $20 million in new revenue going to the state since the ban was lifted.

The reason for New Jersey’s success is that…