Ivey, Borgata, PokerStars And Racetrack Slot Machines Headline NJ Gambling News

Posted By Jessica Welman on February 6, 2017 - Last Updated on April 8, 2020

[toc]New Jersey has been bustling with activity on all the gaming fronts recently.

Online poker is bustling thanks to big promos and big prize pools from Pokerstars NJ. Online casinos in New Jersey have a ton of new offerings to take advantage of, too.

The judicial branch is busy dealing with the latest chapter in the Phil Ivey and Borgata saga.

Meanwhile the legislative branch is considering using a bit of a legal loophole to expand slot machine offering to the state’s racetracks.

Here is your chance to catch up on all the latest developments.

Winter Series big win for PokerStars NJ

The online poker industry in New Jersey is still in its infancy. As a result, finding the right tipping point for setting guarantees that are high enough to attract customers, but not so high the site is constantly doling out overlay.

PokerStarsNJ found the sweet spot for the recent Winter Series. The ten-event tournament series met the guarantees on every event.

The Main Event boasted a $75,000 guarantee on a $400 buy-in tournament. When registration closed, the prize pool was at more than $102,000.

Last year, the new kid on the block struggled to find attainable guarantees, but 2017 appears to be a different story so far.

PokerStars has big Spin & Go winner

PokerStars scored a big win with its latest series. The biggest winner on the site recently was VaderWolf, though. The user was the first grand-prize winner of the $100,000 Spin & Go promotion.

Spin & Gos offer users a chance to win big with a randomly decided prize pool for three-handed hyper-turbo tournaments which awards the winner anywhere from double their money to several hundred times the buy-in. For $10 Spin & Go players, the biggest payday was 10,000 times the buy-in.

The promotion has been underway since April of last year, but there had been no big winner until recently.

Users need not fret, however. The promo will continue even after VaderWolf collects the big payday.

Other ways to win online in the Garden State

If you’re looking for the best new online casino offers in New Jersey, look no further. The PlayNJ team has a rundown of the latest and greatest casino games and values for players.

Ivey’s potential Borgata appeal runs into $10 million hiccup

Poker pro Phil Ivey motioned for a final judgment from New Jersey district court in his ongoing legal battle with Borgata Casino about his questionable and profitable baccarat sessions using edge-sorting.

Borgata is fine with the final judgment, but the new point of contention is whether or not Ivey needs to post bond for the $10.1 million ruling against him. The casino’s legal team contends Ivey would not experience any undue hardship posting the amount, so his motion to waive bond is unmerited.

If Ivey wants to appeal, it is beginning to look like he will need to come up with $10 million in order to do so.

Could Atlantic City be competing for players with racetracks soon?

A new bill surfaced in the New Jersey legislature that would utilize existing online casino laws to offer slot machines and games at New Jersey racetracks.

State Sen. Jennifer Beck proposed the bill. Atlantic City is currently the only spot in Jersey with brick and mortar casinos. This bill could create internet cafés of sorts at Garden State racetracks to offer virtual slot machines.

Attempts to expand gaming in the state have been struck down by the powerful Atlantic City lobby recently, and a referendum to bring casino gambling to the northern part of the state was roundly defeated by voters last November.

Should it pass, the new bill could provide a huge economic boost to the struggling tracks.

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Image by momentcaptured1 / CC BY 2.0

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Jessica Welman

A graduate of USC and Indiana University, Jessica Welman has long been involved in the poker industry and online gambling. She has worked as a tournament reporter for the World Poker Tour, co-hosted a podcast for Poker Road, and as the managing editor for WSOP.com.

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