In February of 2019, CG Technology announced it was partnering with New Meadowlands Race Track to bring online and mobile sports betting to New Jersey. Parent company, Cantor Fitzgerald, holds the most patents in the sports betting sector, and it is no surprise that CG Technology is one of the first companies to act following the legalization of sports betting in 2018. Known for its lavish sportsbook facilities in seven prime Las Vegas resorts, CG Technology is eager to expand into N.J. and hopes to be operational by the start of football season. Presently, the deal is waiting approval from the New Jersey Division of Gaming Enforcement.
Sports betting could become one of the biggest industries in America. Since the 2018 Supreme Court decision Murphy v. NCAA invalidated the Professional and Amateur Sports Protection Act, the federal act prohibiting sports betting, billions are now ripe for the taking.
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Sports betting could become one of the biggest industries in America. Since the 2018 Supreme Court decision Murphy v. NCAA invalidated the Professional and Amateur Sports Protection Act, the federal act prohibiting sports betting, billions are now ripe for the taking.