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Sports Betting

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ATLANTIC CITY, N.J. (AP) — America's commercial casinos matched their best quarter ever in the first three months of this year, as customers continued returning amid the COVID-19 pandemic and internet and sports betting money helped boost revenue numbers.

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TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis reached an agreement with the state's Seminole Tribe on Friday that would greatly expand gambling in the state, adding legalized sports wagering as that once mostly illegal activity continues to grow nationwide.

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TRENTON — Diversification of Atlantic City’s economy and the stabilization of its ratable base are keys to the city returning to local sovereignty, but so are increasing revenue streams, particularly from revenue generated by the resort’s primary economic driver.

Gambling exists in every state, even Hawaii and Utah, where gambling is prohibited by law. But not all gamblers are the same. “Recreational” or “social” gamblers, for instance, buy the occasional lottery ticket, take the rare casino trip or bet small stakes in fantasy sports. But they also are mentally able to quit at any point and prevent catastrophic financial loss.

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