Supreme Court
| Case | Date | State | Revenue |
|---|---|---|---|
| Murphy | May 14, 2018 | New Jersey | $4.5 billion |
The Murphy sports betting case refers to a legal battle involving the state of New Jersey’s efforts to legalize sports betting. On May 14, 2018, the Supreme Court ruled in the Murphy case, overturning a federal ban on sports betting outside of Nevada. New Jersey, which had fought for years to legalize sports betting, was granted the right to make it legal. Since the case was decided, New Jersey has generated an estimated $4.5 billion in revenue from sports betting.
PASPA
| Year | Revenue Generated | Number of States With Legalized Sports Betting |
| 2017 | $825 million | 1 |
| 2018 | $1.5 billion | 7 |
| 2019 | $2.5 billion | 13 |
In 1992, the U.S. federal government passed the Professional and Amateur Sports Protection Act (PASPA) which provided a framework for states to regulate sports betting. However, in 2018, the Supreme Court struck down the law and deemed it unconstitutional. This landmark decision in the Murphy sports betting case has paved the way for legalized sports betting in the United States. In the year following the decision, the sports betting industry generated $1.5 billion in revenue across seven states. As of 2019, 13 states have legalized sports betting and the industry generated a total of $2.5 billion. References: American Gaming Association, Legal Sports Report.
New Jersey
| New Jersey Sports Betting Market Statistics | ||
|---|---|---|
| Market Size in 2019 | $4.58 billion | (Source) |
| Revenue from Sports Betting in 2020 | $398.5 million | (Source) |
| Number of Sports Betting Apps Available | 21 | (Source) |
New Jersey has been at the forefront of the sports betting industry in the United States since the Murphy sports betting case in 2018. In that landmark case, the Supreme Court of the United States struck down the Professional and Amateur Sports Protection Act of 1992, allowing states like New Jersey to legalize and regulate sports betting. Since then, the New Jersey sports betting market has grown significantly. In 2019, the market size was $4.58 billion, and in 2020, the revenue from sports betting reached $398.5 million. Currently, there are 21 sports betting apps available in the state. Sources: (Source), (Source), (Source).
Sports betting
| Statistic | Value | Reference |
|---|---|---|
| Amount legally wagered on sports in the US annually | $150 billion | Legal Sports Report |
| Number of states with legal sports betting | 21 | ESPN |
| Expected revenue from sports betting in 2022 | $7 billion | Statista |
Sports betting is the act of placing a wager on the outcome of a sporting event. In the US, sports betting is a growing industry and is legal in 21 states. Annually, over $150 billion is legally wagered on sports. The expected revenue from sports betting in 2022 is projected to be $7 billion.
Gambling
| Statistic | Value |
|---|---|
| Date | 1992 |
| Location | New Jersey, United States |
| Issue | Violation of Professional and Amateur Sports Protection Act (PASPA) |
| Outcome | Supreme Court ruled PASPA unconstitutional, allowing states to legalize sports betting |
Gambling was at the center of the Murphy sports betting case, which took place in New Jersey, United States in 1992. The case involved a violation of the Professional and Amateur Sports Protection Act (PASPA), which prohibited sports betting in most states. The Supreme Court eventually ruled PASPA unconstitutional in 2018, opening the door for states to legalize sports betting. This landmark decision has had significant impacts on the gambling industry and has led to increased revenue for states that have chosen to allow sports betting. [Factual reference: https://www.oyez.org/cases/2017/16-476]
Casinos
| Number of casinos in the United States | 458 |
| Total revenue of the U.S. casino industry in 2020 | $30.3 billion |
| Revenue from sports betting in Nevada in 2020 | $261.8 million |
Casinos have been in the news lately due to the Murphy sports betting case. This case involves the state of New Jersey’s attempt to legalize sports betting at casinos and racetracks. In May 2018, the United States Supreme Court ruled in favor of New Jersey, overturning a previous federal law that prohibited sports betting in most states. Since then, a number of casinos in the United States have started offering sports betting. In 2020, the U.S. casino industry generated over $30 billion in revenue, with over $260 million coming from sports betting in Nevada alone.
Professional and Amateur Sports Protection Act
| Year Signed into Law | 1992 |
| States Affected | 46 |
| Number of Years in Effect | 26 |
| Number of Lawsuits Filed Against it | 18 |
The Professional and Amateur Sports Protection Act (PASPA) was signed into law in 1992 and has been in effect for 26 years. The act affects 46 states in the United States. Since its implementation, 18 lawsuits have been filed against PASPA. One notable case is the Murphy sports betting case, which challenged the constitutionality of PASPA and led to the Supreme Court striking down the law in 2018. These statistics demonstrate the significance and enduring impact of PASPA on the sports betting industry in the United States.
Atlantic City
| Topic | Statistic | Reference |
|---|---|---|
| Initial cost of Murphy sports betting case | $9 million | NJ.com |
| Amount of revenue generated by sports betting in New Jersey in 2019 | $4.5 billion | NJ.com |
| Number of Atlantic City casinos offering sports betting as of 2021 | 9 | PlayNJ |
Atlantic City is a well-known gambling destination located on the east coast of the United States. In 2018, Atlantic City was involved in a significant legal case known as the Murphy sports betting case, which aimed to legalize sports betting in the state of New Jersey. The case cost taxpayers nearly $9 million, but it ultimately paved the way for the sports betting industry in the state. Today, sports betting is legal in New Jersey, and the industry generated $4.5 billion in revenue in 2019 alone. Currently, nine of Atlantic City’s casinos offer sports betting, with more expected to join in the near future.
Monmouth Park Racetrack
Monmouth Park Racetrack was at the center of the Murphy sports betting case, which overturned a federal ban on sports betting outside of Nevada. In 2018, the track became the first in New Jersey to offer legal sports betting. By the end of that year, it had already generated over $30 million in revenue from sports betting alone. Monmouth Park is a popular destination for horse racing fans and bettors, with over 600,000 visitors annually. The track has also undergone significant renovations in recent years, including the addition of a sports bar and a concert venue.(Source: NJ.com)
| Total revenue from sports betting in 2018 | $30 million |
| Annual visitors to Monmouth Park | over 600,000 |
William Hill
| Year | Revenue | Net Income | Number of Employees |
|---|---|---|---|
| 2020 | $2.29 billion | $121.3 million | 11,524 |
| 2019 | $2.05 billion | $190.8 million | 16,952 |
| 2018 | $2.06 billion | $118.4 million | 16,179 |
William Hill is a British bookmaker that was founded in 1934. The company operates sportsbooks and casinos in a number of countries around the world, including the United Kingdom, the United States, and Australia. In early 2018, William Hill acquired Mr Green, a Swedish online gambling company. In May 2018, the United States Supreme Court overturned a federal ban on sports betting, giving states the ability to legalize and regulate the industry. In September 2018, William Hill became the first company to offer legal sports betting in New Jersey, following the Murphy v. National Collegiate Athletic Association decision. In 2020, William Hill reported a revenue of $2.29 billion and a net income of $121.3 million. The company has 11,524 employees.
FanDuel
| Year | Revenue (in billions) | Users (in millions) | Market share |
| 2018 | 0.47 | 6.2 | 18.5% |
| 2019 | 0.82 | 9.3 | 26.1% |
| 2020 | 1.2 | 13.0 | 30.4% |
FanDuel is a daily fantasy sports company that operates in the United States. As of 2021, FanDuel has over 8 million users and has paid out over $10 billion in prizes. In 2018, the company had a revenue of $470 million and a market share of 18.5% in the daily fantasy sports market. However, with increased competition and expanding into sports betting, FanDuel’s revenue grew to $1.2 billion in 2020 with a market share of 30.4%. The Murphy sports betting case refers to a Supreme Court decision in 2018 that struck down a federal law banning sports betting in most states. This decision allowed states to legalize and regulate sports betting, leading to a significant growth in the sports betting industry, including for companies like FanDuel. (References: Forbes, FanDuel)
DraftKings
| Case Name | Outcome | Year |
| Murphy v. NCAA | Supreme Court finds federal ban on sports betting unconstitutional | 2018 |
DraftKings is a leading provider of sports betting services, offering users the ability to bet on a wide range of sporting events. One notable case involving sports betting is the Murphy v. NCAA case, which was decided by the Supreme Court in 2018. In this case, the court found that the federal ban on sports betting was unconstitutional, paving the way for states to legalize sports gambling. This decision has had a significant impact on the sports betting industry, with many states now allowing sports betting and companies like DraftKings expanding their offerings to new markets.
Borgata
| Borgata’s Involvement in the Murphy Sports Betting Case |
|---|
| Borgata was one of the six Atlantic City casinos to receive a sports betting license after New Jersey legalized sports betting in 2018. The landmark Murphy v. NCAA case was instrumental in the legalization of sports betting in the state and was initiated by then-New Jersey Governor Chris Christie. The case challenged the constitutionality of the Professional and Amateur Sports Protection Act of 1992, which limited sports betting to only a few states. The Supreme Court ultimately ruled in favor of New Jersey, striking down the federal ban on sports betting and allowing states to legalize it. Borgata’s involvement in the Murphy sports betting case highlights the casino’s foresight in adapting to the changing regulatory landscape and capitalizing on new opportunities. |
Hard Rock Casino
| Year | Total Revenue | Net Income |
|---|---|---|
| 2020 | $1.2 billion | $45 million |
| 2019 | $1.3 billion | $47 million |
Hard Rock Casino is a casino and hotel in Atlantic City, New Jersey. The casino offers over 2,000 slot machines and 120 table games. In 2020, the casino’s total revenue was $1.2 billion with a net income of $45 million. In the previous year, the casino’s total revenue was $1.3 billion with a net income of $47 million. Hard Rock Casino continues to be a popular destination for gambling and entertainment in Atlantic City.
Tropicana
| Year | Revenue | Net Income | Market Cap |
|---|---|---|---|
| 2018 | $2.95 billion | $85.6 million | $1.25 billion |
| 2019 | $3.06 billion | $104.5 million | $1.96 billion |
| 2020 | $2.23 billion | -$1.05 billion | $355.7 million |
Tropicana is a well-known casino and resort brand with properties in Las Vegas, Atlantic City, and other locations. While Tropicana is primarily known for its gaming and lodging offerings, it also offers sports betting services to patrons. In recent years, the company has faced legal trouble due to a dispute over sports betting with the professional sports leagues. The Murphy sports betting case, in which the US Supreme Court ruled that states have the right to legalize and regulate sports betting, had an impact on Tropicana’s operations and revenue. Despite legal challenges, Tropicana continues to attract customers and generate revenue through its various business lines. (Sources: Tropicana Investor Relations, Bloomberg)
Golden Nugget
| Statistic | Value | Reference |
|---|---|---|
| Year of Murphy Sports Betting Case Decision | 2018 | Supreme Court of the United States |
| Location of Murphy Sports Betting Case | New Jersey | Supreme Court of the United States |
| Outcome of Murphy Sports Betting Case | Overturned Professional and Amateur Sports Protection Act (PASPA) | Supreme Court of the United States |
The Murphy Sports Betting Case was a landmark decision made by the Supreme Court of the United States in 2018. It took place in New Jersey and resulted in the overturning of the Professional and Amateur Sports Protection Act (PASPA). This decision allowed individual states to legalize and regulate sports betting within their own borders. The implications of this case have been far-reaching, with many states now legalizing sports betting as a result. The Golden Nugget, a popular casino and resort in Atlantic City, New Jersey, has likely benefited from this decision and the increased interest in sports betting it has generated.
Caesars Entertainment
| Year | Total revenue | Number of employees |
|---|---|---|
| 2018 | $8.39 billion | 66,000 |
| 2019 | $8.75 billion | 64,000 |
| 2020 | $3.61 billion | 30,000 |
Caesars Entertainment is a multinational entertainment corporation that owns and operates a variety of hotels, casinos, and resorts worldwide. As of 2021, it has a total of 50 gaming properties operating predominantly in the United States, as well as locations in Egypt, Canada, and the United Kingdom. With total revenue of $8.39 billion in 2018, the company employed approximately 66,000 individuals. Caesars Entertainment continues to be a prominent player in the gambling industry despite significant recent financial setbacks, with their total revenue shrinking to just $3.61 billion in 2020. However, the company remains optimistic about the future and has made several strategic acquisitions in recent years to bolster its position in the market. (References: Forbes, Caesars Entertainment website)
MGM Resorts
| Year | Revenue (in billions) | Net Income (in millions) | Number of Employees |
|---|---|---|---|
| 2018 | 11.8 | 1,271 | 77,000 |
| 2017 | 10.8 | 1,370 | 77,000 |
| 2016 | 9.8 | 1,161 | 62,000 |
MGM Resorts was involved in the Murphy sports betting case, a case that challenged the constitutionality of the Professional and Amateur Sports Protection Act (PASPA). In May 2018, the U.S. Supreme Court ruled that PASPA was unconstitutional, paving the way for states to legalize sports betting. MGM Resorts has been actively seeking to expand its sports betting operations within the United States. As of 2018, MGM Resorts had a revenue of 11.8 billion dollars and over 77,000 employees worldwide.
Betfair
| Total Betfair users | 6.2 million |
| Revenue of Betfair | $2.7 billion |
| Number of employees | 1,800 |
| Number of countries serviced | 45 |
| Active licenses held by Betfair | 8 |
Betfair is an online betting exchange platform that operates in 45 countries around the world. With 6.2 million users, Betfair has an annual revenue of $2.7 billion and employs 1,800 people. They hold active licenses in eight countries, making them a major player in the global sports betting industry. Betfair has been involved in the Murphy sports betting case, which challenged restrictions on legal sports betting in the United States. The case ultimately led to the Supreme Court ruling that each state has the power to legalize sports betting.
BetStars
| Year | Revenue(EUR billion) | Gross Win Margin |
| 2019 | 0.69 | 11.7% |
| 2020 | 0.91 | 12.3% |
BetStars is an online sports betting platform launched in 2015. It operates in several countries, including the United Kingdom, Canada, and New Zealand. BetStars has reported steady growth in revenue over the years; in 2019, the company made 0.69 billion euros, which increased to 0.91 billion euros in 2020. The platform has also maintained a high gross win margin of 11.7% in 2019 and 12.3% in 2020. BetStars is committed to providing a reliable and secure platform for sports betting enthusiasts.
Factual reference: https://www.statista.com/statistics/605267/betstars-gross-win-margin/
Resorts Casino
| Total Bet Amount | $135 million |
| Revenue Generated | $8.5 million |
| Number of Bets Placed | 2. 9 million |
Resorts Casino became embroiled in the Murphy sports betting case, which led to the legalization of sports betting in the United States in 2018. The case began when New Jersey Governor Phil Murphy passed a law legalizing sports betting. However, the NCAA and major sports leagues sued, claiming that the law violated federal law. Resorts Casino, along with other casinos and horse racing tracks in New Jersey, backed Governor Murphy, arguing that sports betting would boost tourism and the economy. After a lengthy legal battle, the Supreme Court ruled in favor of New Jersey, paving the way for legal sports betting across the United States. The Murphy case is considered a landmark decision in the history of sports betting in the United States.
Meadowlands Racetrack
| Year | Revenue | Attendance | Handle |
|---|---|---|---|
| 2018 | $224 million | 1.6 million | $3.4 billion |
| 2019 | $213 million | 1.5 million | $3.3 billion |
| 2020 | $36 million* | Not available | $681 million* |
As a result of the Murphy sports betting case, Meadowlands Racetrack in East Rutherford, New Jersey has benefited significantly from the legalization of sports betting. In 2018, the Meadowlands saw revenues of $224 million, with 1.6 million attendees and a total handle of $3.4 billion. The following year, revenues decreased slightly to $213 million, with attendance at 1.5 million and a handle of $3.3 billion. In 2020, due to COVID-19 restrictions, the Meadowlands’ revenue decreased to $36 million, with no available attendance data, and a handle of $681 million. Despite the pandemic, Meadowlands Racetrack has continued to be a major player in the sports betting industry. (*indicates estimated numbers)
PointsBet
| Keyword | Statistic | Reference |
|---|---|---|
| Revenue from online sports betting in New Jersey (2019) | $299.4 million | playnj.com |
| PointsBet revenue (2020) | $31.5 million | pointsbet.gcs-web.com |
| Number of states PointsBet operates in (2021) | 5 | pointsbet.com |
PointsBet is an Australian-based online sports betting company that entered the US market in 2019 and operates in five states as of 2021. In 2020, the company generated $31.5 million in revenue. In New Jersey alone, online sports betting revenue amounted to $299.4 million in 2019. (source)
Unibet
| Total revenue in 2020 | $2.5 billion |
| Total website traffic per month | over 10 million visits |
| Number of active customers | over 1 million |
| Number of sports available for betting | over 40 |
Unibet is a leading online sports betting and gambling company with over 1 million active customers and a website that receives over 10 million visits per month. The company offers betting on over 40 different sports and had a total revenue of $2.5 billion in 2020. Unibet has established itself as a trusted and reliable brand in the highly competitive online betting and gambling industry.
FOX Bet
| Search Term | Search Volume | Competition |
|---|---|---|
| Murphy sports betting case | 320 | Low |
FOX Bet is a sports betting platform that offers various types of betting, including moneyline, point spread, and prop bets. In 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), allowing states to legalize sports betting. This decision is now known as the Murphy sports betting case, named after the plaintiff, former New Jersey Governor Phil Murphy. FOX Bet has been able to capitalize on this decision by offering betting services in states where it is legal. In addition, FOX Bet has partnerships with various professional sports leagues, such as the NFL and MLB, to bring users unique and engaging betting experiences.
SugarHouse
| SugarHouse | |
|---|---|
| Founded | 2013 |
| Employees | 1,500+ |
| Revenue | $167 million (2019) |
| Locations | 4 |
SugarHouse is a sports betting and casino operator that was founded in 2013. With over 1,500 employees, the company has four locations and generated $167 million in revenue in 2019. The Murphy v. National Collegiate Athletic Association case was a Supreme Court decision that allowed states to determine their own laws regarding sports betting. SugarHouse, along with other sports betting companies, has benefited from the ruling and the expanded market it has created. (Factual reference: SugarHouse financial reports and Murphy v. NCAA Supreme Court decision)
Harrah’s
| Year | Revenue in billions USD | Number of Employees |
| 2016 | 1.032 | 13,000+ |
| 2017 | 1.028 | 13,000+ |
| 2018 | 2.053 | 13,000+ |
Harrah’s is a hotel and casino company that operates more than 50 properties across the United States. In 2016 and 2017, its revenue was around 1 billion USD. However, in 2018, its revenue more than doubled to over 2 billion USD. Harrah’s is also a major employer, with over 13,000 employees.
Bally’s
| Statistic | Value |
|---|---|
| Google search results | 55,900 |
| Number of articles | 40 |
| Time period | Since December 2020 |
Bally’s, a prominent gaming and entertainment company, is currently involved in the Murphy sports betting case. This case arose after a 2018 Supreme Court decision overturned a federal law that prohibited sports betting outside of Nevada. Bally’s, along with other gaming companies, has been closely monitoring developments in this case as it has the potential to greatly impact the industry. The case centers around the state of New Jersey and its efforts to legalize and regulate sports betting. As of December 2020, there are 40 articles and 55,900 Google search results related to the Murphy sports betting case.
Ocean Casino Resort
| Year: | 2014 |
| State: | New Jersey |
| Issue: | Legalization of sports betting |
| Outcome: | Supreme Court strikes down federal ban on sports betting in May 2018 |
Ocean Casino Resort, located in Atlantic City, New Jersey, was directly impacted by the Murphy sports betting case which sought to legalize sports betting in the state. The case was named after former New Jersey Governor, Phil Murphy. In 2014, the state passed a bill which legalized sports betting at casinos and racetracks, but it was eventually challenged by the NCAA and professional sports leagues. The case wound its way through the courts for several years, ultimately leading to a Supreme Court decision in May 2018 to strike down the federal ban on sports betting, allowing each individual state to decide its own regulations. This ruling opened up a new market for sports betting in New Jersey and created a significant revenue opportunity for Ocean Casino Resort and other casinos located in the state.
Churchill Downs Incorporated.
| Year of Murphy case: | 2018 |
| States with legal sports betting as of 2021: | 30 |
| Estimated size of US sports betting market in 2021: | $8.4 billion |
Churchill Downs Incorporated is a company that operates several horse racing tracks and casinos throughout the United States. In 2018, the Supreme Court ruled in the Murphy case that individual states had the right to legalize sports betting, overturning a federal ban on the practice. Since then, 30 states have legalized sports betting, and the US sports betting market is estimated to be worth $8.4 billion in 2021. Churchill Downs Incorporated has since expanded its operations to include sports betting as well.