New Report Highlights the Success of NJ's Online Gambling Initiative
Published May 10, 2017 by Elana K
A recent report entitled “Regulated Online Gambling: Building A Stronger New Jersey” has just come out touting the successes of New Jersey’s online gambling initiative.
A recent report entitled “Regulated Online Gambling: Building A Stronger New Jersey” has just come out touting the successes of New Jersey’s online gambling initiative. According to the report, conducted by NJ Online Casinos (an organization that is not owned by or affiliated with any online or traditional casinos), the state’s initiative has “proven a success on nearly every front imaginable.”
Specifically, the three fronts highlighted by the report include the revitalization of Atlantic City, the success of the regulatory system, and the significant income for the state.
Atlantic City
While critics of online gambling stand fast by their claim that regulated online gambling will detract from the success of traditional casinos, New Jersey has proven that that is not the case. Since online gambling was regulated in 2013, Atlantic City, which was formerly losing visitors and income fast, has once again been established as an international gambling mecca.
Regulatory System
Opponents to online gambling also claim that the technology used to regulate online gambling is not capable of preventing underage and out-of-state gambling or protecting consumers. Once again, the report notes that New Jersey has successfully been able to do all of these things. In fact, online casinos have a better success rate at preventing underage gambling than land-based casinos!
Tax Revenue
Finally, New Jersey online gambling has generated thus far nearly $550 million, with $93 million in taxes going into state coffers. Additionally, over 3000 jobs have been created with the regulation of online gambling, which means that the state has both increased its annual budget and created more employment opportunities. And it has done so while answering the public's demand for online gambling opportunities.
New Jersey Online Gambling Sets the Record Straight
Chris Grove, a gambling industry analyst, wrote, "Any state looking to New Jersey can draw three clear lessons. First, regulation works. Second, there is a massive consumer demand for online products. Finally, online gambling supports the health and long-term viability of land-based casinos."
Way to go, New Jersey!
