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The State of iGaming in New Jersey

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The gaming sector in the state of New Jersey has endured every conceivable kind of storm. With that, it played a crucial role in transforming the landscape of online gambling in the United States. Part of that was the successful court fight where they managed to get the PASPA overturned.

This opened the door for the state, as well as a number of others, to legalize sports betting. Because of this monumental change, states other than Nevada now can participate in the ever-expanding online gambling industry.

It should not come as a surprise that the sector of the gambling business that is expanding at the quickest rate is internet gambling. This includes mobile sports betting as well as online casinos, which together bring in around $8 billion every year according to recent reports from the American Gambling Association (AGA). It also comes as no surprise that New Jersey is among the states leading the pack in that regard.

Pre-Pandemic iGaming in New Jersey

The gambling industry in New Jersey was already expanding before the COVID-19 pandemic. While simultaneously offering cutting-edge and innovative gaming goods to the market, it was maximizing the enormous potential provided by online gaming and sports betting. Due to efforts being made to diversify the resort's gaming and non-gaming activities, Atlantic City, the state's center for gambling, also saw an uptick in interest from travelers.

Casinos and sportsbooks at racetracks in New Jersey collected $3.5 billion in gaming revenue in 2019. That was a 19.5% jump from the $2.9 billion reported for 2018 according to the New Jersey Division of Gaming Enforcement (DGE). In 2019, casino wins were $2.7 billion, an increase of 7 percent over the previous year. Online gambling earnings jumped 61.6 percent to $482.7 million, boosting total income substantially.

Online gambling in New Jersey has grown quickly since it was legalized in the state in 2013, and it currently represents an ever-increasing share of operators' gross gaming revenue (GGR). Not only did platforms for online gaming assist develop a lucrative income stream, but they also help engage new clients and promote loyalty among existing casino enthusiasts.

The Impact of COVID-19 on iGaming in New Jersey

As a result of the pandemic, casinos were required to close their doors; nevertheless, the proliferation of online betting helped casino owners alleviate some of the financial strain caused by this development. It was no different for New Jersey.

During the pandemic, gambling companies kept their clients engaged by providing them with opportunities to gamble online. Because the gaming vertical is widely seen as the "next big thing," that was the ideal period for it to demonstrate that it has the potential to play a role in the industry's long-term development. There was a lot of confidence that iGaming would be around for quite some time. This was despite the fact that it was just too soon to determine what the near future would look like.

This catastrophic blow to the casino business drove the sector to rely on online gambling and sports betting.  They are currently among its key income sources. But was that enough?

Recovery

The December 2021 Division of Casino Enforcement (DGE) gaming revenue statistics report shows that Atlantic City had a year of moderate growth despite the continuing COVID-19 pandemic.

New Jersey's casino sector fought to rebuild and recover from the pandemic of COVID-19 in 2021. This year's forecast is cautiously hopeful despite the COVID-19 pandemic's continued effect on the business, due in part to increases reported for 2020 and 2021. The same might be expected in 2022 as well.

But there is more to the growth of online casino gaming in New Jersey. That is because the interest of gamers is constantly being drawn to newer developments. In internet casinos, for example, RTP rates have become more transparent. A 99 percent RTP is the norm for most of the games. Because of this, the house advantage is only 1% and this value is constant regardless of where you play. A few variations may exist but that is enough to woo lots of gamblers.

Even More Incentives

Online casinos can pay out more often and with greater frequency. Players have a better chance of winning every time they play online. In addition, the progressive jackpots are much bigger than they were in previous years. As the game develops, the players' chances of winning improve, making them popular. The game and the awards can expand fast if millions of people engage at the same time in the same place.

Now that more states have allowed online gambling, operators have been doing more to entice new customers. This is an issue that is often underestimated. Moreover, the operators continue to provide their customers with helpful resources. These include detailed betting guidelines and advice on how to play in a responsible manner. What more could you ask for?

If you are in New Jersey you get to enjoy a wide selection of amazing online casinos such as the US casinos listed on the Vegas Slots online casino guides. With so many USA online casinos offering real money gaming, you have a lot of options to choose from. The online gaming environments offered by all the regulated operators are safe and secure. Even if you are looking for casinos with quick payouts and a wide variety of the top games, you will find that there are a lot available for you to try out.

 

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