The Garden State Goes Online

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Explore:  Gambling Online Gaming

On 26 November, online gambling was officially given the green light in the state of New Jersey, in what has been a highly anticipated liberalisation of their gambling market.  Pundits and stakeholders alike will be eager to follow the experiment as a test-case, as New Jersey is the most populous state to legalise online gambling, as well as the first state to allow a variety of casino games, rather than a poker-only offering. New Jersey’s state government anticipates (a potential overstatement) that the liberalisation will equate to USD $1 billion in revenue for state casinos in the first year; netting USD $150 million in tax for state coffers.

This is quite clearly a major step in the liberalisation of the United States’ gambling market, where it is reported that USD $3 billion is wagered illegally.  However, this is not  a complete legalisation; online gambling operators are required to partner with brick and mortar enterprises in order to offer online services. 

 The following partnerships have been approved as of November 26th in New Jersey:

  • Borgata Hotel Casino & Spa & BWIN;
  • Caesars Interactive Entertainment New Jersey – Affiliate of Bally’s Park Place & 888;
  • Caesars Interactive Entertainment New Jersey – Affiliate of Boardwalk Regency Corporate & Amaya;
  • Tropicana Casino and Resort & Gamesys;
  • Trump Plaza Associates & Betfair;
  • Trump Taj Mahal Associates & Ultimate Gaming; and
  • Golden Nugget Atlantic City & Bally IGP. (NB: Restricted to limited play)

 As usual, we will keep you updated.

Topics:  Gambling, Online Gaming

Published In: Art, Entertainment & Sports Updates, General Business Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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