Boom for the gaming market in New Jersey

Online gambling is legal in New Jersey

The US gambling market is basically closed when it comes to online gambling. It follows from the legislation Unlawful Internet Gambling Enforcement Act of 2006. Legally, however, it is not gambling on the internet that is prohibited. Instead, it is forbidden to transfer money to gambling sites that offer gambling for money. However, some states may have specific laws that completely prohibit online gambling.

As a result of the legislation, the entire gambling market in the United States was closed as if overnight. The larger poker sites in particular were hit very hard by this. Since 2010, however, there has been a slow but steady progress towards greater liberalisation. The state that started it all was New Jersey. In november 2010, the New Jersey Senate voted in favor of a proposal to legalize certain types of gambling.

New Jersey, which is among other things the state in which the well-known casino metropolis Atlantic City is located, is today the main state in the USA in which online casino games , slots and poker are allowed. However, betting on odds is still prohibited. According to the legislation, it is allowed to offer games within the borders of the state and the player must be within the state. This relationship is secured through a series of procedures.

Pennsylvania is another state where regulation is being loosened. New York is another one and there is also ongoing legislative work on$ing legalization in Massachusetts. It is then mainly poker that you aim for in the first stage.

Strong growth for the gaming market in New Jersey

It is no secret that New Jersey is the driving factor behind a more liberalized gambling legislation in the United States. There is already a well-developed ecosystem for gambling with a number of major players. One of these is Borgata, another is Golden Nugget.

Figures from February show that the market for online games in the state is growing so it is cracking. Revenues for February 2018, which is also the shortest month of the year, were the highest since legalization almost eight years ago. Revenue for the entire gaming market was almost $ 22 million, which is 17.5% more than the corresponding month of 2017. Casino games accounted for the absolute lion's share of revenue (20.2 million).

With the month of February figures, The New Jersey online gambling market has been trading over $ 20 million each month for twelve straight months.

Foreign bookmakers set their sights on New Jersey

The state of New Jersey has about nine million inhabitants. These are small numbers compared to states such as California, Florida, Texas and New York, but it is still a sufficient number of inhabitants for foreign gaming companies and casino game manufacturers to turn their eyes to the state. In addition, many actors see New Jersey as a springboard against other, larger states. If, for example, California, with its almost 40 million inhabitants, were to legalize online gambling, a giant market would open up and then it would be an advantage to already have a proven and regulated concept in another state.

There are currently a dozen major global bookmakers (in addition to Borgata, Golden Nugget and others) that are represented in the state with one or more casino pages , and more are added all the time. Even the game developers are betting on taking market share. Among other things, NetEnt and NYX Interactive made sure to get their games on the legal casino sites. Just recently, perhaps the most notable agreement to date was signed, when the gaming company 888 added a whopping 43 slots from NetEnt.