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NEW JERSEY CONSIDERS $5 MILLION SPORTS BET CEILING BY BRIAN PEMPUS

New Jersey gaming regulators apparently want to make sure none of its sportsbooks ever bend over backward too far for a high roller.

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Under proposed changes to the Garden State’s sports betting regulations, sportsbooks would be barred from accepting bets over $5 mm. There’s no indication that any New Jersey sportsbook has taken a bet anywhere close to that figure, but the New Jersey Division of Gaming Enforcement seems interested in being cautious. However, it’s definitely not impossible that a sportsbook has already taken a multimillion-dollar bet. Collectively, the state’s books have already taken more than $1.25 billion worth of bets.

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