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casino new jerseyNJCasino.Guide aims to provide readers with up to date info in the New Jersey regulated casino industry, one of the few US states where gambling, both land based and online, is regulated and permitted.

Atlantic City is the gambling hub in New Jersey, and includes casino gambling, New Jersey Lottery, horse racing, off-track betting, amusement games and social gambling. While New Jersey has a long history in the gambling industry, it was only November 2013 when the state regulated and permitted online gambling.

Legal Gambling In New Jersey

New Jersey’s fame comes mainly from Atlantic City for its glamorous gambling industry, a real contender to Nevada’s monopoly. With regulations in place that support and protect local casinos, and since end of 2013, the introduction of online casinos and poker rooms as well, New Jersey is a top destination for users looking to have a fun weekend and place some bets on casino games.

In 26 February 2013, Chris Christie, Governor of New Jersey, signed a law (A2578) for the legalization of the online poker and casino sites. The online gambling tax in New Jersey is at a rate of 15 percent of gross gaming revenue, which is nearly double the 8 percent tax rated imposed in Atlantic City (gross gaming revenue). All casinos from Atlantic City must reinvest 1.25 percent of their internet gaming revenue into capital projects to create jobs. Also, all of the gaming servers for online casino and poker play must be located in Atlantic City (based on a requirement of the New Jersey Constitution).

In New Jersey, every person must be 21 years of age to gamble at land-based and online casinos, online sportsbook, and at land-based and online poker. Different age restrictions are in place however to play bingo, bet on horse/dog racing, lottery, where the minimum age required is 18.

There are three key aims for New Jersey, when it comes about the regulation of online gambling:

  • the first: is to generate tax revenue for the state
  • the second: is to support New Jersey’s land-based casinos
  • the third: is to provide consumers with a truly secure and safe online gambling experience

 

Online casino or poker sites operational in New Jersey must be operated through a licensed land based casino. In Atlantic City the following casinos are allowed to also offer online gambling services to New Jersey residents and visitors alike:

Online casino play in New Jersey has enjoyed a growth through the 2016, and in the last 3 years, Atlantic City casinos have enjoyed a lot of benefits. This is also a way to motivate new customers to come to the land-based casino properties. Throughout 2017, the observers from the gambling industry expect for the growth to continue. When compared to online poker, online casinos are generating some six to eight time the revenue in an average month, being a larger market than poker.

Data Facts – New Jersey Online Gambling

finance graphFacts about the online casinos in New Jersey:

  • there are 20 authorized online poker site and casinos in New Jersey
  • in 2015, the revenue generated by online casinos was in amount of $149,029,795
  • in 2016, the revenue generated by online casinos was in amount of $196,858,741
  • in 2017, the revenue generated by online casinos is expected to exceed the 2016 mark
  • $77,234,719 was the tax revenue received from the regulated online gambling (until now)
  • the largest jackpot paid by a New Jersey online casino – on 23 February 2015, paid by Betfair Casino on Let It Ride Jackpot: $1,522,000
  • the total legal online gambling revenues: $375,000,000
  • the total amount paid out by the New Jersey’s online casino games to customers since launch: 5,48 Billion Dollars
  • tax revenues generated by New Jersey online gambling to date: $56 Million
  • 94% of New Jersey lawmakers voted to approve regulated online gambling