Wagering and betting industry

December 12, 2019 - 3:32 pm
ATLANTIC CITY, N.J. (AP) — New Jersey's fast-growing sports betting market continued to set monthly records in November as more than a half-billion dollars' worth of wagers were placed on sports. The extra money also helped Atlantic City's casino industry, which saw its annual winnings surpass the...
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The status of sports betting in each state.;
August 03, 2019 - 10:15 am
INDIANAPOLIS (AP) — Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren't yet allowed. A new state law approved this spring allows...
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This June 28, 2019 photo shows "money girls" walking alongside a float for the Hard Rock casino in Atlantic City N.J. a year after it opened. Extra money from sports betting helped New Jersey's casinos and racetracks win nearly $284 million in June, up 21.5 percent from a year ago. (AP Photo/Wayne Parry)
July 12, 2019 - 4:12 pm
ATLANTIC CITY, N.J. (AP) — New Jersey gamblers plunked down more than $3 billion on sports in the first full year that it became legal, helping the state challenge Nevada for the nationwide lead in the fast-growing industry. Figures released Friday by the state Division of Gaming Enforcement show...
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The status of sports betting in each state. ;
June 24, 2019 - 1:58 pm
CHERRY HILL, N.J. (AP) — In a story June 23 about regional differences in sports betting legalization, The Associated Press reported erroneously that sports betting has been legalized in two states in the Deep South. It has been legalized in only one Deep South state, Mississippi. The story...
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FILE - In this June 19, 2018, file photo, sports bettors line up at windows at Monmouth Park racetrack in Oceanport, N.J. With the legalization of sports gambling in the United States and its gradually expanding implantation, some in the industry are suggesting horse racing add fixed-odds wagering as a way to respond to the changing landscape, evolve and compete with the other options now available. (AP Photo/Wayne Parry, File)
May 01, 2019 - 3:24 am
When Animal Kingdom romped to victory in the 2011 Kentucky Derby, he did so at odds of 21-1. Anyone who bet on the horse when the initial morning line was set did so when Animal Kingdom was 30-1. Except they didn't get those odds. That's just horse racing, and some say that needs to change because...
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This March 8, 2019 photo shows a fan watching the first day of the March Madness college basketball tournament at the Borgata casino in Atlantic City N.J. Figures released by state gambling regulators on Thursday, April 25, 2019 show more than $106 million was wagered on the NCAA basketball championship tournament in New Jersey _ three times the amount wagered on the Super Bowl. (AP Photo/Wayne Parry)
April 25, 2019 - 4:52 pm
SECAUCUS, N.J. (AP) — Football's championship game may have been super, but gamblers in New Jersey dug much deeper into their wallets for college basketball's national championship tournament. More than $106 million was bet in New Jersey on the NCAA Tournament — three times the amount bet on the...
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FILE - In this Jan. 30, 2019, file photo, state Senate president Bill Galvano, R-Bradenton, speaks at a pre-legislative news conference in Tallahassee, Fla. Galvano said he believes sports betting could be legalized without voter approval, although he said he might ask for it, anyway(AP Photo/Steve Cannon, File)
March 02, 2019 - 4:42 pm
Over the past decade, teams from California, Florida or Texas have competed in more than half the championship series in the four major professional sports — including every NBA final. That may be no surprise, considering the three states account for 27 percent of all franchises in those leagues...
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FILE This Nov. 20, 2018 file photo shows a scrolling video board with basketball scores reflected in the ceiling of the new sports book at Resorts Casino in Atlantic City, N.J. The race to legalize sports betting is on now that the U.S. Supreme Court has allowed it in all 50 states, but will it provide enough extra tax revenue to make much of a difference for schools, roads or pension debt? (AP Photo/Wayne Parry)
January 02, 2019 - 12:17 pm
ATLANTIC CITY, N.J. (AP) — Wanna bet on sports? First, make sure you know what you're doing — and the odds against you. Seven U.S. states now offer legal sports gambling, and as many as 30 more will consider jumping on board in 2019. So here are some of the basics — as well as some more esoteric...
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FILE - This July 14, 2018 file photo shows gamblers placing bets on sports events at the FanDuel sports book at the Meadowlands Racetrack in East Rutherford, N.J., on the day it opened. The race to legalize sports betting is on now that the U.S. Supreme Court has allowed it in all 50 states, but will it provide enough extra tax revenue to make much of a difference for schools, roads or pension debt? (AP Photo/Wayne Parry, File)
January 02, 2019 - 12:16 pm
ATLANTIC CITY, N.J. (AP) — The race to legalize sports betting is on now that the U.S. Supreme Court has allowed it in all 50 states, but will it provide enough extra tax revenue to make much of a difference for schools, roads or pension debt? Don't bet on it. Just look to the states that...
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In this Nov. 13, 2018 photo shows Mark Giannantonio, president of Resorts Casino in Atlantic City N.J., examines progress on the casino's new sports betting facility it will open with DraftKings on Nov. 20. The facility is the latest in a race among New Jersey casinos, racetracks and bookmakers to have not only an online operation but also a physical facility to attract gamblers in New Jersey's fast-growing sports betting market. (AP Photo/Wayne Parry)
November 14, 2018 - 8:03 am
ATLANTIC CITY, N.J. (AP) — DraftKings and Resorts Casino are firing the latest shot in New Jersey's sports book arms race, with a full-fledged sports betting facility due to open in a week. The two companies told The Associated Press their 5,000-square-foot sports book will open on Nov. 20 in a...
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