With only a few more weeks left in 2019, everyone seems to be in the holiday spirit. This is especially true for sportsbooks in New Jersey as they refund bets, provide odds boosts and payout some awesome parlays.
Unfortunately for NJ casinos, though, the Division of Gaming Enforcement was hard at work issuing fines to casinos in the Garden State that equaled six-digits. The New Jersey Assembly is also at work introducing the New Jersey Fair Play Act addressing student-athlete pay.
Finally, the holiday season means the start of the awards season.
You might remember sportsbooks in NJ offering wagers on the Academy Awards last year. Well, that doesn’t mean betting is coming to every awards show, and we explain why.
NJ sportsbooks paying out parlays, refunds and odds boosts
Nothing says giving to NJ sports betting fans like a winning ticket, a refund or an odds boost. Well, all three made the news this week in the Garden State.
A controversial call impacted NBA betting when Houston Rockets James Harden‘s dunk was ruled unsuccessful. To address the controversial call and the social media outrage, FanDuel Sportsbook refunded straight moneyline bets on the Rockets made online prior to the game.
In other sports betting news, PointsBet Sportsbook celebrated Eli Manning‘s return to the starting lineup for the New York Giants with an odds boost for NJ bettors. Just in time for some holiday shopping, several players made some serious cash when their parlays came in.
DGE issues $150,000 in fines to NJ casinos
The DGE issued eight penalties to NJ casinos totaling $150,000 for operating unapproved games, losing data and allowing self-excluded customers to place bets.
Offering online casino games that were different versions than what was approved by the DGE earned SG Digital a $100,000 fine, the largest of the group.
The fines were issued as the DGE once again warned the media and advertisers to stop touting illegal and unregulated sportsbook odds.
NJ casinos left out in the new student-athlete pay bill
Ever since California legalized the right for a student-athlete to earn pay for the use of their likeness, other states are introducing similar bills. New Jersey is one of them.
The New Jersey Fair Play Act would make it illegal to penalize athletes for receiving compensation for the use of their names, images and likeness. Casino companies, unfortunately, will likely be prevented from entering into endorsement deals with popular college athletes.
It’s early in the legislative process, however, so it remains to be seen what the final of the version of the bill will say.
NJ sportsbooks likely to stay away from the Golden Globes
As the year comes to a close, the movie awards season begins to heat up. There was a lot of excitement at NJ sportsbooks last year when Oscars betting came to town.
If you are a movie buff and are formulating your award show betting plan, you will want to watch the Golden Globes because you likely won’t be betting on them.
There are several reasons why offering lines on the Golden Globes would be risky business for the books, the most obvious is it is the first awards show of the season, and it’s hard to gauge where to set the lines.