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ARTICLE · 19 FEBRUARY 2021

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Proskauer Rose LLP
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NJ Gaming Enforcement Division Lays It on the Line in Seeking to Guide Sportsbooks...

United StatesIntellectual Property
Neil H. Abramson
Neil H. Abramson
Elise Bloom
Elise Bloom
Michael Cardozo
Michael Cardozo
Rob Day
Rob Day
Robert Freeman
Robert Freeman
Wayne Katz
Wayne Katz
Jason Krochak
Jason Krochak
Joseph Leccese
Joseph Leccese
Adam Lupion
Adam Lupion
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NJ Gaming Enforcement Division Lays It on the Line in Seeking to Guide Sportsbooks

New Jersey sports betting operators received $6 billion in bets in 2020 (with nearly a $1 billion handle in December alone, mostly from mobile betting), representing a yearly record for a licensed state sports betting market. With the New York state legislature currently debating proposals for mobile sports betting within its borders, it would seem unclear whether New Jersey could match its sports betting handle in 2021 if its neighbor across the river goes online. What is certain, however, is that when successful bettors wish to withdraw winnings from their mobile bankroll into their terrestrial bank accounts instead of letting it ride, they want to receive their funds as efficiently as possible. Responding to allegations from patrons that some sports betting operators sought to dissuade customers from withdrawing funds out of their gaming accounts and to instead make new wagers, the

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