The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
Are you trying to figure out the different types of gambling? Read this article to get a better understanding of how gambling works.
Are you looking to get involved in the world of gambling, but aren’t sure where to get started?
Continue reading Gambling 101: Understanding the Different Types of Gambling
the staff of the Ridgewood blog
ATLANTIC NJ, the New Jersey Division of Gaming Enforcement announced preliminary wagering data related to the 2020 Super Bowl.
Preliminary wagering statistics reported by Atlantic City Casinos and New Jersey Horse Tracks show that wagering on this year’s Super Bowl totaled approximately $54,288,227 and with a projected total sports wagering payout of $58,568,699. This resulted in a loss of $4,280,000, which represents a negative hold percentage of 7.8%.
These revenue figures include New Jersey’s 10 retail sports books and 19 sports wagering mobile applications
New jersey has a long and varied history when it comes to gambling. Up until 1844 lotteries were common in the state. IN fact, it was funds from lotteries which helped to pay for military aid during the French and Indian war. The funds also helped support the American Revolution.
Several universities such as Queens College (now Rutgers University) and the College of New Jersey (now Princetown University) were also recipients of lottery funds.
The oldest racetrack in the US is the Freehold Raceway which has been there since 1830, while the Monmouth Park Raceway started in 1870. In 1894 New Jersey Legislature banned horse racing and in 1897 all gambling of any kind was banned in the state of New Jersey.
In 2013 the state started to allow in-state online gambling and five years later they won a lawsuit permitting legal sports betting.
So, what types of gambling are now legal in New Jersey?
The gambling industry in the state of New Jersey has grown to include not only ‘brick and mortar’ gambling places but also now includes sports betting, fantasy sports, online gambling, horse racing and more.
These days you can find all the major forms of gambling legally in the state and several of them are also legally online .
Legal gaming includes:
All of these are legal to be played online and in person at various casinos and other locations.
Casinos in New Jersey
After the legalisation of gambling in New Jersey came into force in February 2013 a law stated that each of the casinos was permitted to partner with a software provider to offer gambling choices to players within the state lines.
This encouraged casinos to launch gambling sites, giving players a multitude of gaming choices these days. Casinos also started to offer top casino bonuses as a way to attract clientele to new casinos.
This means that every ‘brick and mortar casino in the state will likely have its own online casino offering a variety of games for players.
Resorts International on Atlantic City Boardwalk was the first legal casino to open in the US outside the city of Nevada.
Right now, New Jersey is home to ten land-based casinos, all of them located in Atlantic City.
Here are the casinos in Atlantic City
Horse racing and betting in NJ
All horse racing betting is now regulated by the New Jersey Racing Commission. They are responsible for issuing licenses and overseeing the racing industry.
Betting on horse racing is legal at racetracks, licensed betting sites and authorised off-track betting places.
There are two betting operators permitted to offer mobile and online horse racing betting in the state, namely 4NJBets.com and Betfair Exchange NJ.
The following racetracks are authorised for in-person betting:
Sports betting in NJ
New Jersey was one of the first states to offer ports betting in 2018. Mobile sports betting sites are also regulated in the same way online gambling and land-based casinos are, so need to hold sporting licenses and be partnered with legal software providers to operate.
Poker is now also permitted and is widely available at most land-based casinos. Online poker is only allowed on sites which are licensed by the NJDGE. Any land-based casino can offer poker to their customers.
You can find legal in-person poker rooms at several Atlantic City casinos, one of the major ones being the Borgata Casino which has dozens of tables and high-stake cash games. The Borgata also hosts several major tournaments through the year.
It is unfortunate that if you live outside Atlantic City, poker is not available as there are no other licensed poker rooms in the state.
Bingo in NJ
Bingo is legal in the state of New Jersey where land-based casinos and gaming sites run bingo games as a normal part of their business. It is also accepted where non-profit organisations host the game to raise money for their charities.
There are several casinos which offer bingo on their online sites:
There is a slight difference in the New Jersey method of Bingo where they play 90-ball bingo instead of the traditional 75-ball game. The format and rules are the same.
New Jersey Lotteries
The NJ lottery was first approved and made legal in 1969 and the first drawing was held in 1971.
The NJ lottery offers a mixture of scratch tickets and draw games and the revenue is used to help educational services, centres for the disabled, homes for disabled soldiers and psychiatric hospitals.
An important thing to note is that online lottery ticket sales are not permitted in the state of New Jersey. You must purchase your lottery tickets from an authorised retailer in person.
There is a good selection of lottery games to play, with prizes ranging from $200 to upwards of $100,000. Some are drawn daily, others weekly. Prizes vary with several of the higher paid lottery games.
To sum up
While you may need to head to Atlantic City if you want a land-based casino to visit, you will find plenty of online casinos which you can legally enjoy from the comfort of your own home, at any time you like!
the staff of the Ridgewood blog
Trenton NJ, Attorney General Gurbir S. Grewal announced that five defendants pleaded guilty today in connection with criminal schemes that generated millions of dollars through illegal loansharking, unlicensed check cashing, gambling, and money laundering. The schemes were linked to the New York-based Genovese organized crime family.
The defendants were indicted in “Operation Fistful,” a joint investigation by the New Jersey Division of Criminal Justice and the Waterfront Commission of New York Harbor, conducted with assistance from the New York and Queens County District Attorneys’ Offices and other law enforcement agencies.
Continue reading Five Defendants Linked to Genovese Crime Family Plead Guilty to Loansharking, Check Cashing, Gambling & Money Laundering Schemes in “Operation Fistful”
file photo Dana Glazer
Terrence T. McDonald | The Jersey Journal
on September 21, 2016 at 4:55 PM
Jersey City Assemblyman Raj Mukherji wants to make sure no voters get in trouble for taking selfies in the voting booth.
Mukherji, a Democrat first elected to the Assembly in 2013, this week introduced legislation that would make it legal for voters to take photographs of their own ballot and share that photo on social media.
The bill comes as a federal appeals court in Boston hears a challenge to a New Hampshire ban on ballot selfie bans.
“Voter turnout can be pathetically low, especially in state and local elections,” Mukherji told The Jersey Journal. “If young people or anybody want to display their pride about being active in their democracy then we shouldn’t hold them back.”
The bill is co-sponsored by Assemblywoman Annette Chaparro, of Hoboken, and Assemblywoman Angelica M. Jimenez, of West New York.
Updated: SEPTEMBER 13, 2016 — 5:07 PM EDT
by WAYNE PARRY, The Associated Press
ATLANTIC CITY, N.J. (AP) – State voters are being promised that millions of dollars in new funding will flow to programs for senior citizens and the horse racing industry and to help a struggling Atlantic City if they approve a ballot question authorizing two new casinos near New York City. But what they’re not being told is what tax rate the new casinos in the northern part of the state would pay or how much new money would be available.
On Tuesday, a state lawmaker proposed specific tax rates for the new gambling halls. Assemblyman Ralph Caputo told The Associated Press a casino at the Meadowlands Racetrack might be taxed at 35 to 40 percent while a costlier one in Jersey City could pay 15 to 20 percent.
“We’ve lagged behind in terms of being transparent,” said Caputo, a northern New Jersey Democrat and former casino worker. “There’s no use kidding anybody about that. The tax rate needs to be established.”
The proposal came as pro- and anti-casino expansion forces are pouring millions of dollars into ads in the nation’s most expensive media market to influence the outcome of the November referendum.
https://www.philly.com/philly/news/politics/20160913_ap_4ef39630556040adbc5c3562336154f1.html
– A Wall Street analyst predicts as many as half of Atlantic City’s eight casinos could be forced to close if voters in November approve two new casinos just outside New York City. Associated Press Read more
Voters in dark on key details of casino expansion referendum
When New Jerseyans decide in November whether to approve two new casinos in the northern part of the state, they’ll likely have only a vague notion of what they’re voting on. Wayne Parry, Associated Press Read more
N.J. Assembly committee advances resolution to give voters a say on North Jersey casino expansion
An Assembly committee on Monday approved a resolution that would allow voters statewide to decide in November whether to permit two new casino licenses to be issued in the northern half of the state. John Brennan, The Record Read more
JANUARY 8, 2016, 1:33 PM LAST UPDATED: SATURDAY, JANUARY 9, 2016, 9:12 AM
BY JOHN BRENNAN AND JOHN C. ENSSLIN
STAFF WRITERS |
THE RECORD
Governor Christie on Friday waded into an increasingly inflammatory battle over how to extend casino gambling to North Jersey, siding with state Senate President Steven Sweeney in his escalating war of words with Assembly Speaker Vincent Prieto.
Christie, who has been campaigning for the Republican presidential nomination, blamed “infighting” between the two legislative leaders, both of whom are Democrats, for the fact that a push for a statewide referendum on the matter appears to have stalled in the waning days of the legislative session, which ends Tuesday.
The governor endorsed Sweeney’s proposal, which would restrict bidding for two North Jersey casino licenses to companies with a majority interest in an Atlantic City casino. Christie echoed the assertion that Sweeney made earlier in the day that Prieto’s competing plan, which would allow one of the licenses to be issued to a newcomer, does not have enough support to clear the Assembly before the new session starts.
TRENTON — Casinos in north Jersey? The odds are against it.
A Fairleigh Dickinson University PublicMind poll of 913 New Jersey residents released Tuesday found 56 percent oppose allowing casinos outside of Atlantic City, while just 37 percent support it.
“The public is questioning the logic behind allowing the spread of casino gambling,” said Krista Jenkins, a political science professor of political science and director of PublicMind. “They don’t seem to be sold on the idea of saving the gaming industry in the state by allowing it to spread.”
And despite a major push in recent months by politicians and business people who want to expand casino gaming, public opinion has not moved significantly from the last time FDU asked the question in February.
“This degree of attentiveness isn’t turning many people on to the idea. or the premise that the money can and should be rightfully used in places other than where the casinos are ultimately built,” said Jenkins
The polls are important because allowing gaming outside of Atlantic City would require an amendment to the state constitution. That requires voter approval.
North Jersey lawmakers, including Assembly Speaker Vincent Prieto (D-Hudson), want to put the question on the ballot this year. South Jersey lawmakers have resisted that, even though some – including Senate President Stephen Sweeney (D-Gloucester) – have been open to allowing casino gambling in northern New Jersey if hundreds of millions in proceeds go towards helping Atlantic City rebuild.
Supporters of expanding casino gaming have proposed dedicating $100 million a year in north Jersey casino proceeds to the struggling resort, which saw four casinos close in 2012.
Incoming Bergen County exec says he supports expanding gambling to Meadowlands
NOVEMBER 25, 2014, 6:47 PM LAST UPDATED: WEDNESDAY, NOVEMBER 26, 2014, 6:27 AM
BY JOHN BRENNAN
STAFF WRITER |
THE RECORD
In a speech to a receptive business group, incoming Bergen County Executive Jim Tedesco on Tuesday said he supports expanded gambling at the Meadowlands Sports Complex, as part of a remaking of the complex that includes a convention center and a hotel.
During his remarks to the Meadowlands Regional Chamber, Tedesco also said that he recently met with executives of Triple Five — the new developers of the long-stalled shopping and entertainment complex that is once again under construction at the Sports Complex. — and that they agreed to meet with the Bergen freeholder board “within the next three weeks.” Tedesco, a supporter of the company’s American Dream plan, said he wanted Triple Five to make a presentation to update the freeholders on the progress at the site.
During the campaign, in which he ousted incumbent Republican Kathleen Donovan, Tedesco had said he supported casino gambling at the Meadowlands.
