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Stock impact report

New Jersey Beats Nevada for the Sports Betting Crown in May [The Motley Fool]

Caesars Entertainment, Inc. (CZR) 
Last caesars entertainment, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.caesars.com/investor-relations
Company Research Source: The Motley Fool
New Jersey Beats Nevada for the Sports Betting Crown in May The Garden State topped its western rival in less than a year. It was slow out of the gate , but New Jersey has quickly become the sports betting king. Less than a year after legalizing wagers on sporting events, New Jersey surpassed Nevada as the biggest state for placing bets in the month of May. Bettors wagered $318.9 million in New Jersey in May, the latest data shows, just edging past the $317.4 million they bet in Nevada. Although it's a major accomplishment, it wasn't unexpected. In fact, the entire Northeast is expected to become a massive sports betting mecca once neighboring states legalize it as well. There are reasons New Jersey is doing so well. Benjamin Franklin once described the state as a keg tapped at two ends. Talking about why it would not become a financial powerhouse, Franklin said New York City to the north and Philadelphia to the south siphoned away its resources. Yet when it comes to gambling, that ma Show less Read more
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