New Jersey was the first state to legalize sports gaming outside of Nevada after a landmark US Supreme Court decision in May 2018 struck down a federal law banning sports gambling in all other states and the District of Columbia (Liptak and Draper 2018). Some race tracks such as Monmouth Park race track began offering sports gambling as a way to bring back fans to parimutuel wagering which had been and still is in decline for several decades at tracks throughout the nation (Associated Press 2019). This brief paper examines trends in New Jersey on how sports gambling has grown when compared to parimutuel wagering and casino revenues in the state since mid-2018. It appears initially that sports gambling has failed to bring in any resurgence in parimutuel wagering in the state as casino revenues have flat-lined. These trends also existed before the Covid-19 pandemic.
Lambert, Thomas E., "Sports Gaming, Casinos, and Horse Racing in New Jersey: The Record before and during the Covid-19 Pandemic" (2021). Faculty Scholarship. 529.