New Jersey Internet Gambling by the Numbers
New Jersey’s new online industry is now up and running following a successful (for some) 5 day trial period that started 21 November 2013.
17 thousand New Jersey residents bet online during the 5 day trial
1.2 billion dollars is how much Gov. Chris Christie’s administration is expecting (hoping) to make from Internet gambling in 2014
200 million to 300 million dollars is how much Fitch Ratings thinks they’ll make
200 million to 500 million dollars is how much Moody’s thinks they’ll make
370 million dollars is how much H2 Gambling Capital thinks they’ll make
7 permit holders:
- Borgata Hotel Casino & Spa
Powered by BWIN, playable at:
- Golden Nugget Atlantic City, LLC
Powered by Bally IGP, playable at:
- Trump Plaza Associates, LLC
Powered by Betfair, playable at:
- Trump Taj Mahal Associates, LLC
Powered by Ultimate Gaming, playable at:
- Tropicana Atlantic City Corp.
Powered by GameSys, playable at:
- Caesars Interactive Entertainment New Jersey, LLC – as the Affiliate of Bally’s Park Place
Powered by 888/Razorfish, playable at:
- Caesars Interactive Entertainment New Jersey, LLC – as the Affiliate of Boardwalk Regency Corporation
Powered by Amaya, playable at:
6 casinos given the go-ahead by NJ Division of Gaming Enforcement to launch full scale service.
1 casino deemed not ready to begin yet (Golden Nugget Atlantic City)
20 % (approx.) of Visa transactions approved by banks for NJ online casino deposits
80 % (approx.) of Mastercard transactions approved by banks for NJ online casino deposits
Seems most US banks are still very much in block mode when it comes to iGaming transactions; a hangover from the UIGEA laws and something that will need to be addressed to deal with the new legalized environment. The above approval stats are from payment processor Vantiv Inc.
50 % of American states had at least one resident trying to login during the trial, as did Portugal, Ghana, India and Canada
67 % of Americans oppose legalizing Internet gambling (according to Sheldon Adelson)
11 % of New Jersey’s total gambling business in 2014 will be from the Internet, per H2 Gambling Capital
16 % of New Jersey’s total gambling business in 2018 will be from the Internet, H2 Gambling Capital
8.9 million – population of New Jersey
334 lbs – NJ Governor Chris Christie’s weight before lap-band surgery in February
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