New Jersey Governor Phil Murphy has put his signature on a bill to make sports betting legal in the state. With the enforcement of this, a new regulating and taxing regime will come into effect for casinos and racetracks.
“Our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects,” Murphy said in a statement. “This is the right move for New Jersey and it will strengthen our economy.”
Monmouth Park Racetrack, where the U.S. unit of U.K. based William Hill PLC has already made a sports book, is likely to take its first bet at 10:30 a.m. on Thursday, a park spokesman told Reuters.
State gaming and racing regulators, which are scheduled to meet this week, still have to issue emergency regulations to cover the roll out at facilities that already have sports betting licenses.
Murphy’s signature positions New Jersey to be the second U.S. state to potentially roll out full-scale sports wagering, after Delaware last week.
Some states are rushing to implement sports betting in the wake of a U.S. Supreme Court decision in May that overturned a 1992 law banning it in all but a few places, including Delaware which had only allowed limited wagers.
Gross sports betting revenues at New Jersey’s casinos and horse racetracks will be taxed at 8.5 per cent. After 30 days, the state will allow online bets as well, which will be taxed at 13 per cent.
People placing bets must be at least 21 years old. Athletes, coaches, referees and other people with influence over games or access to confidential information are not allowed to bet on their own league’s sport.
Betting is also prohibited on high school and college games taking place in New Jersey or involving the state’s own such teams.
Professional sports leagues, most of which fought states’ efforts to legalise sports betting for years, say the New Jersey bill does not contain any of the fraud-fighting provisions they need to protect the integrity of games.
Antigua worries about U.S. payout in gambling dispute
No positive sign is on sight for Antigua and Barbuda in receiving any pay-out from the USA in a long-running gambling dispute. It is planning to ask the head of the World Trade Organization (WTO) to mediate. But the country is fast “losing all hope.” Antiguan ambassador Ronald Sanders said.
The United States accused Antigua and Barbuda of playing politics.
Antigua and Barbuda constructed an Internet gambling industry in the light of declining revenue in tourism. But it was not allowed in the USA.
The archipelago took its case to the WTO in 2003 and eventually won the right to compensation of $21 million annually, after the WTO judges upheld its complaint that U.S. laws were discriminatory.
Washington has not paid out, and Sanders said his country had lost $315 million so far, equivalent to more than a quarter of its annual GDP and less than 0.1 percent of the U.S. economy.
Although the WTO awarded Antigua the right to use trade sanctions to recoup its losses, it opted for a settlement.
“We continued to hope that a sense of justice and fairness would prevail. But, we are now losing all hope,” Sanders told the WTO’s dispute settlement body, according to a copy of his remarks provided to Reuters.
“After a long period of exhausting attempts to engage the United States, Antigua and Barbuda is now contemplating, once again, approaching the (WTO) Director-General… to join in seeking a mediated solution that would bring much needed relief after these arduous 15 years of damage to our economy.”
Trade experts say the case highlights a weakness in the WTO system, because small nations have little leverage to enforce rulings against the world’s big powers.
Antigua does not have a permanent representation in Geneva but it has repeatedly sent envoys to the WTO to plead for a U.S. payout, most recently last September when the island of Barbuda was severely damaged by Hurricane Irma.
“All of Antigua and Barbuda’s attempts, in a spirit of good faith, have failed,” Sanders said.
U.S. Ambassador Dennis Shea told the WTO meeting that Antigua had made “extreme demands”, and monetary payments were not provided for under the rules. The United States had made repeated offers to settle the row, to no avail, he said.
The current U.S. administration had had no reply to a formal offer of further discussions, Shea said, according to a prepared copy of his remarks.
“For these reasons, Antigua’s decision to place this matter on the agenda today appears to be a political statement, rather than an effort to engage on a resolution of this dispute.”
Sanders said none of the U.S. offers amounted to even 1 percent of the damage caused.
“The WTO dispute settlement was conceived as a system where all members, irrespective of their size, would have their rights protected,” he said.
Caesars crowns in online gambling scene in New Jersey
Caesars Interactive Entertainment has overtaken PokerStars and Borgata to become the highest grossing operator in the New Jersey poker market. This is no mean fat, as PokerStars had been the most dominant online gambling entity in the state. That has changed now.
PokerStars has, in fact, had a terrific streak of being first, which lasted for over two years – they took first position in April 2016 and have not looked back, until now. In May 2018, Caesars dethroned them and now rules the NJ Empire. The main reason behind this change is the state’s joining of the Multi State Internet Gaming Association (MSIGA), which is now, therefore, sharing poker liquidity with other states – something Nevada and Delaware have been a part of for the past three years. It is because of this, and the fact that Caesars is the only operator offering online poker in those two states, that this operator benefits wildly from the situation which is reflected in their increased revenue, which has soared by more than 40 per cent!
“Caesars dethroned them and now rules the NJ empire”
In total, New Jersey online operators amassed $24.3 million in May revenue, which is 1.3 million less than in the month of March, when the revenue record was set. This is the fifteenth month in a row that combined online casino and poker revenues to exceed $20 million in this state.
Pennsylvania launched iLottery platform with Global Payments
Pennsylvania has launched a new iLottery online gaming platform by partnering with Global Payments Gaming Solutions. Players can deposit funds and withdraw prize amount using the Global Payments ACH payment services.
The iLottery platform offers a host of instant-win games that are accessible through mobile, tablet and desktop devices.
Drew Svitko, executive director of the Pennsylvania Lottery, said: “Online and mobile gaming is a natural evolution for the Pennsylvania Lottery and Global Payments is helping us make the consumer experience frictionless as we modernise our business and generate new funds to benefit older Pennsylvanians.”
Christopher Justice, president of Global Payments, added: “We have almost two decades of experience working with gaming organisations to provide a simple, secure and convenient player experience.”
“We’re thrilled that Pennsylvania Lottery selected Global Payments to help them increase engagement and accessibility as they offer new innovative experiences.”
Subscribe to our News via Email
MultiLotto, partners with ConversionBet to create a new digital acquisition channel
LeoVegas wins “Brand of the Year” at prestigious EGR M&I Awards
Police Nabs Four Ukrainians for Running Fake Cryptocurrency Exchanges
Games developers should pay closer attention to localisation to claim a bigger slice of $116 billion global market
Record sales for China’s sports lottery thanks to the World Cup
Belarus’s Oldest Casino Operator Faces Bankruptcy
EGT to install more gaming machines in Pasha Global’s casinos
FunFair launches next-gen blockchain title
Exclusive Interview with Peter Gal, co-founder of Bethereum
Crypto Expert David Drake Joins CryptoMillionsLotto Ahead of its ICO
British legislatures demand stricter guidelines for gambling ad content
Russia’s iGaming sector grows with the FIFA World Cup
Slovakian government is set to revamp the existing gambling laws
Huge Success For Yobetit At Malta’s iGaming Excellence Awards
BetBright Launches £10million-prize World Cup Prediction Challenge
ARJEL to launch a social media campaign about prevention during the Football World Cup
Top read articles
Press Releases2 months ago
Bethereum is set to remove the taboo from betting once and for all
Latest News4 months ago
Malta players free to legally sign up on PokerStars Europe
Eastern Europe5 months ago
Login Casino launches a series of conferences related to crypto industry
Eastern Europe3 months ago
Login Casino launches its own TV channel
eSports5 months ago
Esports betting cryptocurrency eGold presale with a breaking record
Eastern Europe3 months ago
Andrey Ivanov will participate in Login Casino’s webinar Bitcoin Marathon
Interviews4 months ago
Exclusive Interview with Chris Armes – Group Chief Technology Officer at SG Digital
Interviews4 months ago
Interview with Bernhard Blaha, co-founder of HEROcoin and herosphere.gg