Market Madness: New Jersey Gambling Is a Lucrative Business

Gambling, JP Morgan and tech stocks.
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Before you head home and start to celebrate the weekend, check out our closer.

New Jersey Betting

New Jersey residents placed bets totaling $16.4 million from June 14-30 as the state opened up sports betting operations following the Supreme Court ruling that overturned a previous law barring states from legalizing sports gambling.

The sports books were able to hold $3.5 million, the amount the house keeps of the amount wagers, while the state of New Jersey was able to generate $300,000 in taxes from the wagers.

For comparison, Nevada has averaged a hold percentage of 5.5% since 1992.

JP Morgan Investor Earnings Call

"No real signs of fragility," said Marianne Lake, CFO of JP Morgan (JPM) - Get Report , when asked about push back of investors about bank stocks.

JP Morgan feels pretty good right now. Here's why TheStreet's founder Jim Cramer remains bullish on the bank stock

Tech Stocks

Netflix (NFLX) - Get Report earnings are slated to come out on Monday, July 16. TheStreet's tech columnist Eric Jhonsa has everything you need to know.  

TheStreet's Executive Editor Brian Sozzi covers the one "killer stat" that investors should know about earnings. Memo: traders should be cautious into earnings from hot tech companies such as Facebook (FB) - Get Report and Amazon (AMZN) - Get Report .

Both names are key Action Alerts PLUS holdings