Gambling in the USA
New Jersey to put a cap of $5 million on sports bet

New Jersey gaming regulators are bringing in a new set of betting regulations, which would put a ceiling of $5 million for betting.
As per the new regulations, sportsbooks cannot accept bets over $5 mm. There’s no indication that any New Jersey sportsbook has taken a bet anywhere close to that figure, but the New Jersey Division of Gaming Enforcement seems interested in being cautious. However, it is definitely not impossible that a sportsbook has already taken a multimillion-dollar bet. Collectively, the state’s books have already taken more than $1.25 billion worth of bets.
“No wager in excess of $5 million can be accepted for any reason,” read a line in the 106-page document of proposed regulatory changes. It is known that the median wager on DraftKings Sportsbook in New Jersey is less than $10, so the limit is relatively astronomical and probably will have no impact on anyone’s bottom line.
-
Asia7 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Africa7 days ago
BetKing Renews Ikorodu City FC Partnership for 2025/26 NPFL Season
-
Compliance Updates7 days ago
Kongebonus statement: Norway’s election result signals gambling policy continuity, but licensing debate is set to intensify
-
Balkans7 days ago
BEGE Awards Nominations Now Open – Celebrating 16 Years of Industry Excellence!
-
Latest News7 days ago
Win a Fruity Fortune in BGaming’s Bonanza Trillion
-
Latest News6 days ago
Answer the Call of the Wild: ELA Games Unveils Its Latest Game “Buffalo Force”
-
Latest News7 days ago
Slots Temple Announces Exclusive Free-to-Play Tournament Partnership with Pragmatic Play
-
Latest News7 days ago
Saddle up for big wins under the Bison Moon with the latest slot from Northern Lights Gaming