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The Growth of Online Gambling in New Jersey

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(CNBNewsnet)(November 21, 2018)--It’s no secret that the online gambling industry has grown rapidly over the past two years and with its development, online casinos are practicing new acquisition techniques to sweeten the sign up deals. But what does this mean for New Jersey? As it stands, not all states are allowed to obtain a gambling license due to restrictive laws set in place by the US government. In January 2011, the New Jersey Legislature passed a bill allowing online gambling to commence in the state. The law however mentions that online gamblers need to be 21 years of age or older. Now only a few years later we see the successful development of online casinos and also New Jersey online players hitting an impressive winning streak.

In February 2018, New Jersey marked its second consecutive month for setting records for mass gross revenue, clearly indicating a prosperous year ahead. Just a few months ago, New Jersey online casino operators brought in over $25 million in gross gaming revenue, the highest statistics ever achieved since online gambling became legal in the state. This no doubt made international news, and thus increasing the amount of traffic generated by online NJ casinos.

The Predicted Future of Online Gambling in New Jersey

The integration of cryptocurrency and Bitcoin will add value to NJ online casinos, expanding their database as more players are moving to the ungoverned financial payment method and withdrawal option. However, this doesn’t impact current fiat currency online casinos as gambling enthusiasts seem to be signing up with reputable operators regardless of payment options. It would appear what attracts players are sign up bonuses as well as a variety of games. With that in mind, it can be said that the future holds the promise of higher quality casino games as developers are competing to get their brand out to the best online casinos.

Another prediction for the upcoming years is the integration of VR (virtual reality) gaming. This aims to boost the profits immensely as tech savvy players choose to widen their gaming options, increasing the number of online players and, in turn, boosting gross revenue.

Overall, we can say with absolute confidence that the future of online gambling in NJ looks to be a promising one with the gradual success rate of NJ online casinos.

Think you have what it takes to raise the stakes? Try your luck on the slots and improve the statistics of successful NJ online players!