Online poker in the Garden State has been stagnant since the pandemic. Breaking out of that funk will require Michigan regulators to authorize operators in that state to launch multi-state online poker.
“Sports Stock Market” App Mojo Sportsbook, along with peer-to-peer betting exchanges Prophet Exchange and Sporttrade, have gone live in NJ.
Lawmakers want to extend the existing gaming laws, which authorized online poker & casino gaming until November 2023, by tacking on another decade.
NJ is the operator’s third state, following successful launches in AZ & IA. But FuboTV wants investors to help defray costs & run its sports betting business.
After almost two years at the bottom of the market, PokerStars NJ is back in second place.
The rebrand was to take effect on August 15 but has been delayed. When the rebrand occurs, it will end nearly six years of SugarHouse Casino NJ.
The New Jersey Division of Gaming Enforcement (NJDGE) said nearly 50 workers in various roles at three Atlantic City casinos either held inactive registrations or none at all “for a number of years.”
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Online sports betting revenue took its usual summer dip, but it’s down more than 40% year-over-year. Online poker had its worst month since the pre-pandemic.
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