By Paul ButcherNew Jersey Online Casinos – Legal Casinos For New Jersey
In February 2018 it was the five years since New Jersey’s Chris Christies signed online gambling into the law. No parade was planned down the city streets and the anniversary is not a public holiday, although it is quite sure that both casino industry insiders and a couple of lawmakers raised a glass to celebrate this five-year anniversary.
The online gambling bill was approved by the state on the 26th of February 2013, and signed into the state law that same day, although it still took about nine months before regulated and legal online gambling officially launched in New Jersey. For other states waiting to learn from the success of such a step, New Jersey has a very positive message, since the regulating and licensing of online casinos has shown endless growth and tremendous growth ever since.
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The proof is in the pudding and in 2017 several online New Jersey gambling sites posted that the annual revenues reached $245.6 million in 2017, which represented a record-breaking growth of just short of 25% from 2016 gambling revenues that reached $196.7 million. With the major success that New Jersey enjoys since signing the online gambling bill into the law, the figures have gone up every year by more than 20%, and the revenues doubled since 2014. While lawmakers pop a few bubbles to celebrate this significant growth, many online poker and casino operators have reason to celebrate. In 2017, the taxes collected by the state from online casino operators surpassed $100 million, and by that year-end, it reached well over $125 million.
The Legal Status of Gambling in New Jersey
While nothing can stop the celebrations now, the gambling law was originally planned to come into effect on the 3rd of March 2011 already. But back then Christie rejected it in fear that the bill didn’t do enough in terms of preventing opportunistic entrepreneurs from setting up shops or internet cafes across the state to operate as makeshift casinos. The reason for the previous rejection was fixed by legislators and the bill put forward again in early 2013, Christie vetoed it once more and this time the problem was that he demanded that the proposed tax rate should increase to 15% from the suggested 10%, after the necessary changes were made, the bill finally became law on the 26th of February 2013.
Future of Casinos in New Jersey
New Jersey is seen by many as a gambler’s paradise, although many ignore the fact that its gambling is still restricted to Atlantic City limits. What the law has failed to address is the restriction of charity gaming, not allowing tribal casinos and addressing social gambling. What the garden state got right is to offer its citizens legal online gambling, several big casino resorts and basically all the casino gaming entertainment they want. The legal age for Jerseyites is 21 for casino gambling and to participate in the state lottery a person must be 18 years old.
