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Gambling Business in New Jersey: Features of Regulation

Gambling Business in New Jersey: Features of Regulation

21/04/2023
New Jersey is one of the most important wagering locations in the USA. The legalisation of this state’s industry is complex and varied, so it is worth considering for entrepreneurs.

Gambling in New Jersey: general info

In this article, Gaminator will evaluate the legislation in New Jersey regarding internet casinos and sports betting. Our experts are engaged in the installation of high-quality wagering software and the development of lucrative projects.

iGaming in New Jersey: Backgrounds

In early 2011, the local authorities passed a resolution to legalise the sphere for players 21 and older. For 10 years, the market has grown rapidly and reached a revenue of $1.4 billion in 2021, but during this time there have been many controversial situations.

The 2011 law was a stumbling block as it allowed customers to bid and compete only in Atlantic City’s official casinos. On February 26, 2013, the New Jersey authorities altered the laws and legalised most amusements for a decade and proclaimed a 15% tax.

In 2017, the iGaming industry generated over $100 million in revenue. In October, the MSIGA agreement on online gambling was signed with Nevada and Delaware. Both legalised web amusements and expanded opportunities for punters to compete between states.

In 2022, Michigan joined the MSIGA agreement, and in 2023, PokerStars merged with the New Jersey-based online poker platform. In January alone, earnings amounted to $2.7 million, which is the highest figure since 2018.

Here are several popular operators authorised in New Jersey:

  • Borgata;
  • Caesars Interactive;
  • Golden Nugget;
  • Resorts Casino;
  • Tropicana, etc.

Sports Betting in New Jersey

The activities of bookmakers are available in many places in the state. Bets were allowed in June 2018, after the signing of Bill 4111 on the legalisation of sportsbooks at casinos and racetracks.

New Jersey has repeatedly had a positive impact on other markets and helped create the legal framework. Another 6 American states followed its example. The local wagering sphere is one of the most open and regulated industries in the entire United States.

Gaminator is a well-known aggregator that provides operators with high-quality amusements and program integration assistance. With us, you can launch a profitable and successful business in a promising region. Contact our managers to start fruitful cooperation.

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Artur Zimnij
Author
Artur Zimnij
Gambling business specialist
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