United States New Jersey Casino City’s North American Gaming Almanac 637 casinos over the course of three years. In addition, the bill kept VLTs out of the tracks for the same timeframe and gave the casinos a potential tax break. In May 2008, Gov. Corzine signed the bill into law. In June 2010, in order to attract a younger demographic to horse racing, the New Jersey Assembly passed an exchange wagering bill. Exchange wagering allows New Jersey residents to bet against each other on the outcome of races. Bets are typically placed via the internet, but under this bill, people could also bet in person or by phone. In April 2011, Governor Christie signed two racing bills. The first bill allowed for advanced betting on races not simulcast at the facility as long as the race was simulcast at other state facilities. The second bill reduced the racing season at Meadowlands Racetrack to 75 days to help other racetracks become more self-sustaining. Race Wagering Revenue Revenue in Millions 2021 2022 2023 2024 Revenue in USD 40.76 39.17 37.66 35.09 Revenue Change 48.78% -3.92% -3.84% -6.82% Inflation Adjusted 47.49 42.25 39.01 35.31 Inflation Adj. Change 42.13% -11.04% -7.66% -9.49% Race Wagering Pari-Mutuel Handle Period USD1 USD 2025 1/2000-12/2000 1,099,850,902 2,015,858,365 1/2001-12/2001 1,063,311,172 1,895,331,826 1/2002-12/2002 1,001,495,295 1,757,233,454 1/2003-12/2003 942,171,054 1,616,393,837 1/2004-12/2004 923,124,547 1,542,364,233 1/2005-12/2005 873,369,496 1,411,544,770 1/2006-12/2006 809,806,141 1,267,796,628 1/2007-12/2007 751,983,264 1,144,627,706 1/2008-12/2008 609,660,224 893,681,153 1/2009-12/2009 507,075,818 745,958,786 1/2010-12/2010 439,738,068 636,459,846 1/2011-12/2011 404,390,032 567,387,170 1/2012-12/2012 379,820,060 522,109,704 1/2013-12/2013 350,635,835 475,033,729 1/2014-12/2014 320,284,585 426,987,952 1/2015-12/2015 308,909,793 411,335,626 1/2016-12/2016 294,919,560 387,814,095 1/2017-12/2017 284,302,833 366,055,821 1/2018-12/2018 271,377,560 341,082,571 1/2019-12/2019 253,833,953 313,354,189 1/2020-12/2020 138,893,293 169,372,159 1/2021-12/2021 206,642,039 240,681,171 1/2022-12/2022 198,545,139 214,115,257 1/2023-12/2023 190,925,794 197,757,962 1/2024-12/2024 177,899,647 178,986,475 1 Data provided by New Jersey Racing Commission Sports Betting In 1992, the U.S. Congress passed the Professional and Amateur Sports Protection Act, banning sports wagering in all states except Nevada, Delaware, Montana and Oregon (all of which had sports wagering at the time). New Jersey had a one-year window to legalize sports betting; however, it never made it onto the ballot. It was later revealed, under sworn testimony following a Democratic investigation of the election, that the GOP's efforts to block the sports-betting referendum were a campaign strategy. The Supreme Court struck down the act in 2018, and the New Jersey Legislature immediately passed Assembly Bill 4111 legalizing sports betting. The bill was signed into law on 11 June 2018. In March 2009, Sen. Raymond Lesniak (D – Union), the state legislature’s chief advocate for sports wagering and online betting, filed a lawsuit against the federal government to overturn the ban on sports betting, a necessary measure for a state referendum to take effect. On 8 February 2010, the New Jersey State Senate Committee on Government, Wagering, Tourism and Historic Preservation approved a bill calling for a referendum on legalizing sports wagering. However, on 10 June 2010, the Assembly Regulatory Oversight and Gaming Committee held off on considering the sports wagering bill. In fall 2011, New Jersey voters passed a referendum that authorized the state to attempt to offer sports betting. In January 2012, Governor Christie signed legislation allowing sports betting in New Jersey. The law permitted the state's 12 casinos and four racetracks to offer gambling on professional and college sports, but prohibited bets on college events played in New Jersey or on New Jersey college teams playing out-of-state games.
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