Ten years may not be too long, but it is an achievement nonetheless. New Jersey began playing online casino games in November 2013. A decade later, iGaming in the U.S. has made great strides, but it is clear that it is incomparable to the exponential growth of the sports betting industry since the Supreme Court repealed the Professional and Amateur Sports Protection Act of 1992 (PASPA) in 2018.
- Launch of NJiGaming
Former New Jersey Governor Chris Christie signed NJA2578 on November 26, 2013, with a period of 10 years, which allowed him to start internet gambling in New Jersey. This came 36 years after the Casino Management Act was enacted in 1977. New Jersey is the third U.S. state after Delaware to introduce some forms of iGaming, signed into law on October 31, 2013 and also began in November. Nevada, which legalized all forms of gambling in 1931, began online poker in April 2013, but to this day does not allow online casino games.
NJA2578 allowed residents and guests in New Jersey to play an online version of the game at casinos within the state’s boundaries. It also stated that all online casinos should be tied to retail casinos and regulated by the New Jersey Division of Gaming, which provided a much-needed boost to Atlantic City’s struggling land-based casino industry.
- NJ Game Executive Division
This law enforcement and investigative body of the casino regulatory system is responsible for the enforcement of casino management laws. It consists of lawyers, investigators, and accountants, and works with the New Jersey State Police and Criminal Justice Prosecutor’s Department.
NJDGE implemented regulations and conducted licensing and technical research to start iGaming in the Garden State. 카지노사이트 순위
- Synchronized launch of the site
The New Jersey Game Executive facilitated the launch of 13 online operators on the first day of the state’s legal iGame. 888 Casino New Jersey, 888 Poker New Jersey, Betfair Casino (now FanDuel), Betfair Poker, Bogata Online Casino, Bogata Online Poker, Caesars Palace Online Casino, HarrahsCasino.com , Party Poker New Jersey, Tropicana Online Tropicana, Ultimate Casino, Ultimate Poker, and WSOP.com were the first operators to receive an online gambling license. Seven casinos and six poker rooms completed a successful soft launch on November 21, 2013. - 7. MSIGA
The Multi-State Internet Game Agreement (MSIGA) came into effect on February 25, 2014. The agreement allows online poker operators to combine player pools across main lines between member states. Delaware and Nevada became the first two states to join MSIGA. While New Jersey joined the agreement on Sept. 27, 2017, when Michigan joined on May 23, 2022, it was a while before Michigan became the next member.
West Virginia became the latest state to sign up for MSIGA on November 14, 2023. Despite joining in 2017, player pooling did not begin in New Jersey until 2018. WSOP.com/888 and PokerStars are currently the Garden State’s weekly pooling. BetMGM and WSOP.com are allowed, but they have not yet started player pooling in New Jersey.
- 6. PAPSA
The Professional and Amateur Sports Protection Act of 1992 was established to define the legal status of sports betting across the United States. Sports lottery tickets in Oregon, Delaware and Montana and sports swimming pools in Nevada were exempt from PAPSA.
In May 2018, the U.S. Supreme Court abolished PASPA and ruled that PAPSA was in violation of the 10th Amendment. Ironically, New Jersey was able to launch sports gambling in 1993 using a one-year window of Congress allocated to states that run licensed casino gambling over the past decade, but it did not take advantage of this opportunity.
The landmark decision opened the door for states other than Nevada to immediately enforce and roll out regulated sports betting. Seven states began betting on sports in 2018, and there are 38 states that legalized sports betting with the couple on the horizon due to Maine’s recent launch.
- Playing games during COVID-19
In 2020, COVID-19 effectively shut down the United States, but it’s not bad for everyone, and in this case, it’s not all bad. iGaming has been suspended during the pandemic, especially in New Jersey.
By 2019, people over the age of 21 spent less than $500 million annually, according to Stockton University in New Jersey. In 2020, during COVID-19, this figure increased to $970 million.
- Senate Bill S3075
On September 22, 2022, New Jersey Senator James Beach and Republican Vincent J. Polistina filed Senate Bill S3075.
The bill seeks to extend the approval of the iGaming Act until 2028. On June 30, 2023, the Senate approved the bill.
- iGaming Net Income Increase
According to a recent report by the American Game Association, the future of iGaming is bright.
During the third quarter, which ran from July 1 to September 30, the industry set a new quarterly record. From July 1 to September 30, iGaming posted revenue of $1.52 billion, a 26% increase over the same period in 2022. New Jersey played its part in this figure because it had a total quarterly revenue record of $469.6 million.
The industry is facing another record-breaking year, reporting revenue of $4.49 billion this year, up 23.8% from the same period in 2022. The industry generated $16.32 billion in revenue after its first voyage to iGaming territory.
- iGaming tax revenue growth
The tax revenue numbers also deserve their due attention according to the most recent reports from the American Gaming Association. Although only legal in six states, the iGaming industry has brought in $4 billion in state and local taxes since its inception in 2013.
For its part, New Jersey has contributed $1.04 billion. To put it into perspective, the Garden State only generated $1.26 million in taxes in its first year, albeit only two months.
- iGaming industry growth
In states where both sports betting and online casino games are legal, iCasino regularly generates significantly more tax revenue. For example, in October, Pennsylvania iGaming revenue was up 24% in October, compared to September, clearing over $150 million, triple the amount of sports betting revenue.
So, why is it that while online casino gaming is only live in six states (Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia, with Rhode Island going live in 2024), sports betting is live in 38 states?
The common theory is that land-based casino operators feel that online gaming would cut into its brick-and-mortar profits.
In October at the Global Gaming Expo (G2E) in Las Vegas, Howard Glaser, Light & Wonder’s Global Head of Government Affairs and Legislative Counsel, proposed an observation to the crowd during a panel titled, “What’s Next For Legal iGaming in the United States?”
“DoorDash and Uber Eats are not a substitute for going to your favorite restaurant,” said Glaser. “One is an experience — one is a convenience.”
The same can be said about retail sportsbooks versus online sportsbook operators.
All this to say, just because bettors can place wagers online, doesn’t mean that will be their first option over going to their favorite retail casinos.
They can co-exist.
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