Connect with us

New Jersey

After a Month Off, New Jersey Goes Back Over $1 Billion in Sports Betting Handle

Published

on

After a Month Off, New Jersey Goes Back Over  Billion in Sports Betting Handle


After a Month Off, New Jersey Goes Back Over $1 Billion in Sports Betting Handle

© U.S.A. Today

After stopping working to get to the $1 billion mark in take care of throughout February, New Jacket’s sporting activities wagering recuperated with a March deal with of $1.120 billion, up 13.7% greater than February’s $985.6 million. The total amount was additionally 30.4% greater than March 2021’s $859.6 million.

2 Safe Wagers as much as $2,000

Online wagering comprised $1.041 billion of the take care of, up 15.8% from February’s $899.6 million as well as was 33.5% greater than March 2021’s $780.1 million. Mobile wagering comprised 92.9% of the general New Jacket sporting activities betting market.

Advertisement

New Jacket’s sporting activities wagering earnings was $66.4 million, a rise of 115.1% from February’s $30.9 million as well as 9.3% greater than March 2021’s $60.8 million.

New Jacket iGaming earnings in March was $423.7 million, a rise of 13.5% over February’s $373.3 million as well as 17.9% greater than March 2021’s $359.3 million.

New Jacket’s web pc gaming win was $140.7 million, up 8.2% from February’s $130 million as well as was 23.7% greater than March 2021’s $113.7 million.

Wager $1, Obtain $200 in Free Wagers

New Jacket Sports Betting, March vs. February

Complete take care of Mobile take care of Income
March $1.121B $1.041B $66.404M
February $985.568M $899.632M $30.873M
Modification Up 13.7% Up 15.8% Up
115.1%

New Jacket Sports Betting, February 2022 vs. February 2021

Complete take care of Mobile take care of Income
March 2022 $1.121B $1.041B $66.404M
March 2021 $859.618M $780.145M $60.755M
Modification Up 30.4% Up 33.5% Up 9.3%

New Jacket Bettors Couldn’t Back Saint Peters

Saint Peters was the beloved of March Insanity. The No .15 seed distressed No. 2 Kentucky, No. 7 Murray State as well as No. 3 Purdue en course to getting to the Elite 8.

Yet the Peacocks Cinderella run finishing in the Elite 8 with a loss to ultimate nationwide champ runner-up, North Carolina.

Advertisement

While lots of squandered winning tickets on the Peacocks, those in New Jacket were unable to do so.

Play Threat liberate to $1,000 on initial 24-hour
To Insurance Claim: Click Play Currently

State regulations do not enable New Jacket locals to position bank on any type of in-state university groups or any type of university competitions happening in the state. This legislation had the prospective to be reversed in November, however 57% of the citizens chosen versus the proposition.

Virginia, Washington, as well as South Dakota additionally have comparable limitations in position entailing university wagering.

The originality of New Jacket’s restriction on university sporting activities enabled North Carolina futures ticketholders to kick back heading right into the Elite 8 competition with Saint Peter’s.

Advertisement

At BetMGM in New Jacket, if an in-state group won the area, it would certainly pay the second-place group as a winning wager.

This implied despite the end result, North Carolina gamblers that had the Tar Heels making the Last 4 would certainly squander their ticket.

North Carolina opened up the competition at +2200 to get to the Last 4.



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New Jersey

Authorities Debunk Viral Explanation for NJ Drone Sightings

Published

on

Authorities Debunk Viral Explanation for NJ Drone Sightings


U.S. News

The drones spotted over the Garden State were probably not looking for a missing shipment of radioactive material.

Newsday LLC/Newsday via Getty Images
Zachary Folk

Got a tip? Send it to The Daily Beast here.



Source link

Advertisement
Continue Reading

New Jersey

N.J. weighs making underage gambling no longer a crime, but subject to a fine

Published

on

N.J. weighs making underage gambling no longer a crime, but subject to a fine


Should underage gambling no longer be a crime?

New Jersey lawmakers are considering changing the law to make gambling by people under the age of 21 no longer punishable under criminal law, making it subject to a fine.

It also would impose fines on anyone helping an underage person gamble in New Jersey.

The bill changes the penalties for underage gambling from that of a disorderly persons offense to a civil offense. Fines would be $500 for a first offense, $1,000 for a second offense, and $2,000 for any subsequent offenses.

Advertisement

The money would be used for prevention, education, and treatment programs for compulsive gambling, such as those provided by the Council on Compulsive Gambling of New Jersey.

“The concern I had initially was about reducing the severity of the punishment,” said Assemblyman Don Guardian, a Republican former mayor of Atlantic City. “But the fact that all the money will go to problem gambling treatment programs changed my mind.”

Figures on underage gambling cases were not immediately available Thursday. But numerous people involved in gambling treatment and recovery say a growing number of young people are becoming involved in gambling, particularly sports betting as the activity spreads around the country.

The bill was approved by an Assembly committee and now goes to the full Assembly for a vote. It must pass both houses of the Legislature before going to the desk of the state’s Democratic governor, Phil Murphy.



Source link

Advertisement
Continue Reading

New Jersey

New Jersey lawmakers will consider new tighter oversight rules on charter schools in 2025

Published

on

New Jersey lawmakers will consider new tighter oversight rules on charter schools in 2025


TRENTON — State officials are considering new rules that could impose greater oversight on New Jersey’s 86 charter schools after a year of increased scrutiny from media outlets and politicians.

The state’s Senate Education Committee heard testimony Monday from experts who urged lawmakers to ensure that existing oversight laws were enforced and, in some cases, to write new laws requiring more public disclosure and oversight in regard to spending and administrator salaries.

“Clearly, there’s some work to be done,” said state Sen. Paul Sarlo of the 36th Legislative District, which represents 11 municipalities in Bergen and Passaic counties. “There are some bad actors out there.”

The legislators cited a series of reports from NJ.com and other media outlets that took aim at charter schools’ high administrator salaries, allegations of nepotism, and accusations that some former school leaders personally profited from their positions. The Asbury Park Press also scrutinized a charter network with campuses in Asbury Park and Neptune.

Advertisement

Deborah Cornavaca, director of policy for the New Jersey Education Association, the state’s largest teachers’ union, urged legislators to establish a task force to review numerous impacts of charter schools, to require more transparency and add disclosure rules for charter schools.

“When we see things that are going wrong… it is incumbent upon us to make sure that taxpayer dollars are being responsibly spent and that the students… are the priority of where the money is going,” Cornavaca said.

Harry Lee, president of the New Jersey Charter Schools Association, said that a majority of these publicly funded schools, which serve about 63,000 students, are not skirting rules, but are rather giving parents in low-income communities access to high-quality education. The schools are also improving academic outcomes for many of New Jersey’s Black and brown students, he said.

“In middle school, charter school students overall are outperforming the state average in reading, despite serving twice as many low-income students,” he said before the Senate Education Committee on Monday. “The longer you stay in a charter school, the more likely you will be able to read at grade level.”

Advertisement

While charter schools are given more flexibility than traditional district-based schools to educate at-need students, they also use taxpayer money in their mission. Yet, charter schools are not held to all the same oversight rules and regulations that district public schools must follow, according to critics.

“It is a privilege, not a right, to operate a charter school in New Jersey, and there are simply higher expectations (for positive academic results),” said Lee. “We stand by that, and we agree that there should be accountability for schools that aren’t doing the right thing.”

The flexibility given to charter schools is why they are succeeding where nearby traditional districts are not, he said. Many charter schools have adopted longer school days and a longer school year to achieve results, he said.

When charter schools fail to meet their educational missions, they are closed, Lee said.

“That is the ultimate accountability,” he added.

Advertisement

Since 2020, four schools have closed, surrendered their charter, or not had their charter contract renewed, according to the state Department of Education.

One of the charter schools that has faced criticism in the press is College Achieve Public Schools, which has sites in Asbury Park and Neptune. Michael Piscal, CEO and founder of the charter school group, made $516,084 in the 2022-23 school year, according to filings obtained through GuideStar, an organization that provides information about American nonprofit organizations.

Piscal also made an additional $279,431 in compensation that year from the school and related organizations, according to the tax documents.

For comparison, the average school superintendent pay in New Jersey was $187,737 last year, according to state Department of Education records.

Advertisement

A representative of College Achieve told the Press that administrative salaries have since between reduced.

State Sen. Vin Gopal, who chairs the Senate Education Committee, said he expected amendments to New Jersey’s charter school law to be proposed sometime in 2025.

“There needs to be more accountability on how that (charter school) money is spent,” he said.

Amanda Oglesby is an Ocean County native who covers education and the environment. She has worked for the Press for more than 16 years. Reach her at @OglesbyAPP, aoglesby@gannettnj.com or 732-557-5701.

Advertisement



Source link

Continue Reading
Advertisement

Trending