The U.S. sports betting phenomenon achieved an entire new stage in 2021 and as common, New Jersey was with the epicenter. About the heels of a $959-million manage for January, the state consistently shattered regular data put up-NFL then saved its ideal for your 2021 year, putting up the primary billion-greenback handles in Just about every of the ultimate four months in the period. The final tally: $ten.93 billion in deal with.
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A whopping ten percent excise tax on sports betting deal with A part of the Revenue Act of 1951 effectively shuttled lots of authorized sports betting operators, while others sought out much less-than-lawful approaches across the tax.
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Just more than a month later, SCOTUS stunned pretty much everyone by agreeing to grant New Jersey's petition for just a Listening to. When the path to this moment were mainly a solo journey to the Backyard garden State, a whopping twenty states submitted amicus briefs With all the court (together with the sports betting hugely respected American Gaming Affiliation) in assist of New Jersey's quest to legalize sports betting.