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deskgameNew Jersey online casinos had a flush October, reporting a record-breaking $213 million in revenue, with sports books – where 90% of all sports bets are placed online in our state -- garnering $77.5 million. The industries have generated almost $3 billion in revenues combined, year-to-date. Sports betting and its online variant were legalized in New Jersey in 2018 and have become a $10 billion industry nationally, with the State’s industry generating some of the highest gross revenues.
deskgameIt was for those reasons, as Chairman of the Senate Economic Development Committee, I began a nearly ten-year journey to challenge the federal ban on sports betting and to authorize online gaming in New Jersey. I was successful on both despite eight losses in federal court, before the US Supreme Court ruled in my favor and our casinos became the beneficiary of the added revenue needed to reopen the five casinos and restore lost jobs. In addition, horse racing and the jobs at Monmouth Park and The Meadowlands were preserved.
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