Posted November 20, 2018 07:33:59When a young man named Akshay Mishra went to a friend’s house to watch the New York Jets’ game against the Philadelphia Eagles in 2013, he was struck by something about the venue.
It was like the world’s first casino, with thousands of gamblers gambling away on a single table.
The atmosphere was electric, and the game itself seemed to be just as entertaining.
After a week, Mishra returned home and discovered a new way to experience a sporting event.
He began working at the New Jersey-based sports gambling company NJG.
Mishra, who is now 26, has been managing the New Hampshire-based gambling company for seven years.
He has worked with sports teams like the Boston Celtics, the New Orleans Pelicans, and now the Jets, to keep them relevant in a rapidly changing world of casino gambling.
In the years since he first began, the company has grown to become one of the largest in the world.
As a sports gambling executive, Mishras business is not unique.
It has existed for decades in some form, but the advent of the Internet and the growth of digital sports betting made the business an increasingly popular option.
Mashra and NJG recently won a $10 million settlement with New Jersey casino operator Atlantic City, a company that was sued for failing to follow state law in 2011.
The settlement also includes $5 million in cash payments to Atlantic City casino operators and the settlement includes $10,000 in additional funds from NJG and $5,000 from the state of New Jersey to reimburse Atlantic City for its legal fees.
Mishara, now a partner in the sports betting business, has not been the only high-profile player to embrace casino gambling in recent years.
Earlier this year, the NFL’s Philadelphia Eagles and the New England Patriots also partnered with NJG to create a joint venture for casino gaming.NJG has also been expanding into the music industry, signing a record deal with Sony Music to develop and promote streaming music for the gaming industry.
And it is investing $300 million to expand its esports arena in New Jersey and to expand the NJG Esports Club in New York City.
Misconduct in sports betting has also made its way into the courts, with a New Jersey man facing six counts of gambling related misconduct in 2017.
The case stems from a bet made in May 2018 between two men, which went on for four months before a judge ordered him to stop betting and forfeit $2.6 million.
His lawyer had argued the money was stolen from him and his family.
Mihalas attorney argued that the bet was in good faith, but Judge Daniel P. Hoecker disagreed, ordering him to pay the $2,000 to the casino, which agreed to refund him.
The casino had already been on the receiving end of a series of lawsuits from sports betting executives and lawyers who had been seeking to have gambling regulators and gambling courts around the country open up to gambling in the digital age.
But the decision to settle this case comes with the added benefit of the fact that no one else will have to pay a dime for the misdeeds of the former employee.
The Associated Press contributed to this report.