BetMGM, one of the nation’s largest online gambling companies, will lay off 83 employees at its headquarters in Jersey City, as it copes with slower growth in the sports betting industry.
The layoffs are set to go into effect on May 27, said a public notice the company filed in late February with the New Jersey Department of Labor.
Representatives of BetMGM did not immediately respond to a request for comment Monday. But the company has been hit particularly hard by the changing sports betting market, said Corey Sharp, a writer for the gambling trade publication PlayNJ.com.
Nationwide, sports betting revenue was down 29% in December, compared with the same month a year earlier, reported the American Gaming Association, a trade group.
