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.
-
Africa5 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Africa6 days ago
BetKing Delivers Healthcare Services and Nutrition Support to Underserved Nigerian Communities
-
Industry News7 days ago
REGISTRATION NOW OPEN FOR GLOBAL GAMING EXPO 2025
-
Asia6 days ago
QTech Games strengthens its elite suite with Bigpot Gaming
-
Asia5 days ago
Macau Government Extends Lottery Concession of Macau Slot Until 5 June 2026
-
Latest News5 days ago
Week 26/2025 slot games releases
-
Latest News6 days ago
DATA.BET Launches Bet Builder for Sports Betting
-
Africa5 days ago
QTech Games hires Ekaterina Mayorova as sales lead for Africa & Eastern Europe