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The newly legal NJ sports betting industry is all the rave, with multiple racetracks and land-based facilities in Atlantic City already opening their books, and DraftKings launching a mobile sports wagering app. With all the attention focused on the nascent industry and the upcoming NFL season, some may have overlooked the fact that NJ online gambling sites had their best month ever in July, and are celebrating with some hot late summer offers.
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Integrity Sort new to old The analysis does not examine the revenue impact, however, of legalizing sports bets. Americans wager about $150 billion on sports each year illegally, according to the American Gaming Association. The group in 2017 estimated a minimum $23 million tax windfall to Michigan from legal sports betting.
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