Atlantic City benefits from early wager on legal sports betting

Miles Bryan Jul 29, 2019
HTML EMBED:
COPY
Bruce DeFino came from Long Island to place sports bets in Atlantic City. Miles Bryan

Atlantic City benefits from early wager on legal sports betting

Miles Bryan Jul 29, 2019
Bruce DeFino came from Long Island to place sports bets in Atlantic City. Miles Bryan
HTML EMBED:
COPY

New Jersey legalized sports betting in June of 2018, following the Supreme Court’s landmark decision to strike down a law that largely banned sports betting outside of Nevada. The practice quickly took off: in May, New Jersey sports books took in the most bets of any state in the country.

In Atlantic City, overall casino gaming revenue is up, along with spending in bars and restaurants within those casinos. The local Chamber of Commerce says some of that is due to new foot traffic brought by sports betting.

More recently, Atlantic City has started to face competition from neighbors. Pennsylvania began sports betting in its casinos last November and online last May. New York State, too, just launched casino sports betting.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.