1. New Sports Betting Opportunities in North America
A presentation by:
William J. Pascrell, III
@BillPascrell3rd
+1(609)
Princeton Public Affairs Group, Inc.
NJ Office: 160 W. State Street, Trenton, NJ 08608
DC Office: 819 7th Street NW, Suite Washington, DC 20001

2. New Jersey Division of Gaming Enforcement: the Toughest Regulatory Body in the World! (If you can get licensed by the DGE, you can get licensed by anybody!)
NJDGE Director
NJDGE Criminal Enforcement Bureau
NJDGE Casino Criminal Prosecutors Bureau
Asst. Attorney General. Deputy Director: Atlantic City
Chief Casino Operations and Investigations
Deputy Executive Director. Administrative Services. Chief of Staff.
Assistant Attorney General. Deputy Director: Trenton

3. US Sports Betting: A 25 Year Roller Coaster
October 28, 1992
US Senator and former New York Knick Bill Bradley’s (D-NJ) bill, the Professional and Amateur Sports Protection Act of 1992, becomes law under President George Bush.
October 1992 – October 1993
PASPA provides states the opportunity to pass a law to opt-into sports betting.
October 1993
Four states: Nevada, Delaware, Oregon and Montana pass laws opting-into sports betting.

4. US Sports Betting: A 25 Year Roller Coaster
March 2009
State Senator Lesniak files lawsuit to overturn PASPA.
August 2009
During his campaign for governor, Chris Christie announces his support for legalized sports betting.
November 2009
BP3 meets with soon-to-be Governor Christie to discuss, for the first time, the strategy to legalize sports betting.

5. US Sports Betting: A 25 Year Roller Coaster (Cont.)
May 2010
Governor Christie asks Senate President Stephen Sweeney, Senator Lesniak and BP3 to table the ballot referendum until he can get the NFL to approve the Super Bowl in NJ.
May 26, 2010
New Jersey, under Governor Christie, is named the hosts of Super Bowl XLVII. The game is scheduled to be played on February 2, Governor Christie keeps his word to approve the referendum to amend NJ’s constitution to add legalized regulated sports betting.
August 2011
The New Jersey Legislature approves of adding the referendum to the November 2011 ballots.

6. US Sports Betting: A 25 Year Roller Coaster (Cont.)
November 2011
BP3 launches a successful public affairs campaign where voters overwhelmingly approve amending state constitution to allow sports betting with 67% approval across every demographic group.
December 2011
New Jersey passes enabling legislation to allow sports betting at casinos and racetracks.
January 2012
Governor Christie signs Sports Wagering Act into law, with first bets scheduled to be placed at Atlantic Club Casino on January 12, 2012.

7. US Sports Betting: A 25 Year Roller Coaster (Cont.)
August 2012
The NFL files to enjoin the Atlantic City Club from taking their first bet until the Courts can determine if New Jersey’s law violates the PASPA (NFL v. Christie).
August 2012-January 2013
BP3 lobbies Governor Christie to hire Ted Olson to defend New Jersey’s law. The case is brought before Judge Michael Shipp, a Patterson native and brother of an NFL player.
February 2013
Judge Shipp rules in favor of the sports leagues, and against New Jersey’s law.

8. US Sports Betting: A 25 Year Roller Coaster (Cont.)
March 2013
New Jersey appeals Judge Shipp’s decision in the Third Circuit Court of Appeals.
September 2013
The Third Circuit Court of Appeals upholds the lower court’s decision by a vote of 2-1, but Judge Julio Fuentes provides hope with his dissenting opinion.
October 2014
Sen. Lesniak introduces new Sports Wagering Act, allowing casinos and racetracks to provide sports betting with no regulation.

9. US Sports Betting: A 25 Year Roller Coaster (Cont.)
August 2015
New Jersey once again loses in the Third Circuit Court in an en banc decision (8-3).
June 2017
US Supreme Court agrees to hear the case.
December 2017
US Supreme Court hears oral arguments.

10. US Sports Betting: A 25 Year Roller Coaster (Cont.)
May 14, 2018
US Supreme Court rules PASPA unconstitutional (6-3).
June 7-11, 2018
NJ Legislature passes sports betting bill, with Governor Phil Murphy signing the measure on June 11, 2018

11. US Sports Betting: A 25 Year Roller Coaster (Cont.)
June 7, 2018
NJ Legislature passes sports betting bill
June 11, 2018
Governor Phil Murphy signs New Jersey’s sports betting legislation in law
June 14, 2018
First sports bets are placed at Monmouth Park Racetrack in New Jersey

12. Sports Betting Revenue
Year to Date Revenue: $13,364,210
Year to Date Taxes Paid: $$1,156,668
August 2018 Revenue: $6,059,662
August 2018 Taxes Paid: $535,559
August 2018 Handles: $95.4 million
July 2018 Revenue: $3,831,141
July 2018 Taxes Paid: $327,245
June 2018 Revenue: $3,458,668
June 2018 Taxes Paid: $293,863

13. Sports Betting in NJ: Monmouth Park
Monmouth Park Racetrack opened their Sports Book on June 14, 2018
Total Revenue: $3,135,446
Total Taxes Paid: $342,815
August 2018 Revenue: $898,017
August 2018 Taxes Paid: $76,264
July 2018 Revenue: $856,280
July 2018 Taxes Paid: $72,945
June 2018 Revenue: $2,279,166
June 2018 Taxes Paid: $193,605

14. Sports Betting in NJ: the Borgata
The Borgata opened their Sports Books on June 14, 2018
Total Revenue: $1,549,661
Total Taxes Paid: $208,027
August 2018 Revenue: $805,526
August 2018 Taxes Paid: $74,921
July 2018 Revenue: $562,830
July 2018 Taxes Paid: $49,225
June 2018 Revenue: $986,831
June 2018 Taxes Paid: $83,881

15. Sports Betting in NJ: the Ocean Casino Resort
The Ocean Resort Casino opened their Sports Books on July 2, 2018
Total Revenue: $1,229,437
Total Taxes Paid: $148,710
August 2018 Revenue: $519,563
August 2018 Taxes Paid: $44,156
July 2018 Revenue: $1,036,766
July 2018 Taxes Paid: $88,177
June 2018 Revenue: $192,671
June 2018 Taxes Paid: $16,377

16. Sports Betting in NJ: the Meadowlands Racetrack
The Meadowlands opened their Sports Book on July 14, 2018
Total Revenue: $1,357,477
Total Taxes Paid: $376,196
August 2018 Revenue: $3,060,367
August 2018 Taxes Paid: $260,810
July 2018 Revenue: $1,357,477
July 2018 Taxes Paid: $115,386
June 2018 Revenue: N/A
June 2018 Taxes Paid: N/A

17. Sports Betting in NJ: Bally’s Atlantic City
Bally’s Casino opened their Sports Books on July 30, 2018
Total Revenue: $17,788
Total Taxes Paid: $24,275
August 2018 Revenue: $267,796
August 2018 Taxes Paid: $22,763
July 2018 Revenue: $17,788
July 2018 Taxes Paid: $1,512
June 2018 Revenue: N/A
June 2018 Taxes Paid: N/A

18. Sports Betting in NJ: Harrah’s
Bally’s Casino opened their Sports Books on August 1, 2018
Total Revenue: $298,521
Total Taxes Paid: $25,374
August 2018 Revenue: $298,521
August 2018 Taxes Paid: $25,374

19. Sports Betting in NJ: Resorts
Bally’s Casino opened their Sports Books on August 14, 2018
Total Revenue: $98,087
Total Taxes Paid: $8,337
August 2018 Revenue: $98,087
August 2018 Taxes Paid: $8,337

20. Sports Betting in NJ: the Golden Nugget
Bally’s Casino opened their Sports Books on August 15, 2018
Total Revenue: $111,785
Total Taxes Paid: $22,934
August 2018 Revenue: $111,785
August 2018 Taxes Paid: 22,934

21. Pending Federal Regulation: Senator Orrin Hatch (R-UT)
Floor Speech: August 23, 2018
Pending legislation that would:
Improve the monitoring and enforcement
Industry reaction?
The American Gaming Association
An unconstitutional federal overreach?

22. Sports Betting in the US: State by State Overview

23. Why Have International Companies Decided to get Licensed in Nj?
A New Jersey license increases both stock value and market share
The New Jersey marketplace is positively recognized by regulators around the globe
Strong early returns on sports betting and internet gaming show the marketplace’s strength

24. US Sports Betting Market: Five Emerging Key Issues
Strong, robust and innovative content;
Reliable and powerful servers and data centers;
Big data is important and critical to any profitable sports book operation;
Marketing and affiliates are critical to the growth and success of this market; and
The power of blockchain is coming, which will further bolster the integrity and reliability of the industry

25. US Sports Betting Market: Project Estimates

26. US Sports Betting Market: Projected Estimates
The legal regulated US marketplace is conservatively predicted by major analysts to be close to a $150 billion market

27. Thank you! New Sports Betting Opportunities in North America:
A presentation by:
William J. Pascrell, III
@BillPascrell3rd
+1(609)
Princeton Public Affairs Group, Inc.
NJ Office: 160 W. State Street, Trenton, NJ 08608
DC Office: 819 7th Street NW, Suite 501. Washington, DC 20001