New Jersey Online Gambling ReviewPublished December 10, 2013 by OCR Editor
While Nevada and Delaware legalized online gambling before New Jersey, New Jersey is stealing the spotlight with its winning numbers.
New Jersey launched its online gambling venture on November 26; so far, it's been a success. In fact, in just a week after its launch, New Jersey poker traffic has already surpassed that of Delaware and Nevada. The reason? There are 8.8 million reasons; they're called residents.
While Nevada and Delaware did an admirable job in their passing of online gambling legislation, they simply don't have the numbers to sustain the traffic and profit that they would have hoped for. Their real goal is to join forces with other states; however, as of now, cross-border gambling is still not legal.
New Jersey, while they would like to join forces with other states, does not need to. And as time goes on, it is expected that it will showcase the potential of online gaming revenue to both other states and the federal government as well.
There are two issues which states and D.C. will be looking at:
- Is online gambling controversial?
- Is online gambling significantly profitable?
Steve Ruddock, online poker expert, estimates that it will take at least six months before other states can get a clear picture of what's happening in New Jersey. But if New Jersey's traffic reaches 1000 players a day, there is a good chance that other states will jump in to follow suit. As of now, New Jersey has about 150 hits a day (Nevada has 200 and Delaware only 18).