The US has a long history with gambling. However, when it came to online options in the 1990s and the 2000s, the states were skeptical about them. But soon, they found out the huge possibilities it is hiding. And ever since then the states have been trying to thoroughly regulate the field. Mainly New Jersey – the one state that is on its way to rule the US online gambling market.
In the last decade, we have seen a massive change in how the US deals with the online gambling business. Today, this type of wagering is quite widespread all over the country. There are only two states – Utah and Hawaii – that have a total ban on the practice. On the other hand, there are still some strict rules and grey areas in most of the states. There are only four of them, where the regulations are already complete. These are Nevada, Pennsylvania, Delaware, and New Jersey. And the latter is the one that is capable of leading the way in the online gambling market. You might ask why – well, keep on reading to find out!
Online gambling market in New Jersey
Even if you are not a resident of the United States, or you have never ever gambled, you probably know a lot about Atlantic City. It is one of the greatest gambling centers in the whole US, and it is situated in New Jersey. So, the state is strong in brick-and-mortar casinos – just like Nevada. But when it comes to the online gambling market, New Jersey leads the way.
In the state, they legalized online gambling in 2013. That has been almost ten years, that meaning the state had a fair amount of time to build the whole system up. Therefore, the whole area is well-regulated and it is evolved. When online wagering in the state, you can find almost a dozen online casinos and almost that many sports betting sites. And you can even find your favorites! The most popular online sportsbook sites in the US, like bet365, are present in Jersey. And you can also find some sites specified on poker, there are six of them.
It is understandable that these operators prefer the state. Why? The njgamblingsites.com says: “Online poker and casinos are legal in New Jersey, as long as they’re offered by sites that hold a license from the New Jersey Division of Gaming Enforcement (DGE). The DGE also regulates all games.” That meaning, it is easy to get into the online gambling market in New Jersey. And that is something that can attract the attention of operators! The high transparency in the field also has an effect on this, of course.
How is the market doing?
According to data served by fingerlakes1.com, the online casino sites in New Jersey had a great year in 2020. Despite the whole situation in the world, they had a massive revenue. To be more exact, it was 970.3 million dollars for the last year. December was the most successful month of them all, with a total of 99.5 million dollars in revenue. Of course, this has a lot to do with the closing down of all land-based casinos in the state. But the online gambling market in New Jersey is not all about casinos! However, online casino sites in the US prefer the state. But there is also sports betting! That is also a successful field in Jersey. In 2020 wagers laid almost 6 billion dollars on sports bets! That generated nearly 400 million-dollar revenue for the state! As such, sites like bet365 could not complain about the year 2020.
What is next?
So, as online gambling is becoming more and more popular, the states are trying to serve the needs of gamers, as they are changing. And it looks like that these states are more likely to succeed on the market. The ones that are trying to keep up with the ever-changing business. And as such, New Jersey, or basically any state that can stay up-to-date in the online gambling market, can get ready to roll!