iGaming brings high expectations in New Jersey
New Jersey online gaming industry is expected to rapidly grown throughout this year’s operations.
US.- NJOnlineCasino has released its “2017 Year In Review: The Performance Of New Jersey’s Legal Online Casinos” showing that the state’s legal online gambling industry will follow up a remarkable 2017 with more growth in 2018, albeit at more modest pace than in previous years, as the market continues to mature.
“The 2017 results for New Jersey’s legal online gambling industry gave us new high-water marks for the industry, which has been the rule rather than the exception since it was regulated in 2013,” said Chris Grove, a gambling industry expert who authored the report for NJOnlineCasino. “More importantly, online gambling continued to buoy Atlantic City. It’s clear that regulated online casino and poker sites are a maturing industry that will benefit New Jersey’s economy for years to come.”
Meanwhile, a report sponsored by iDEA (iDevelopment and Economic Association) called “Economic Impact of New Jersey Online Gaming: lessons learned,” revealed that ever since the industry was legalised, the state has gone through a series of benefits that helped the local economy. The studio was conducted by researchers Alan Meister, Ph.D. of Nathan Associates and Gene Johnson of Victor.
The study concluded that online gaming in New Jersey has generated approximately US$998 million in output and US$124.4 million in tax revenue that went directly to state and local governments. Moreover, the online industry contributed with US$83.5 million in taxes, as well as it generated 3374 jobs. People behind similar initiatives in other states believe that a regulated online market could help them achieve these results as well.
