As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / NJ lawmakers extend online gambling authorization for 10 years

NJ lawmakers extend online gambling authorization for 10 years

Publish Date: September 18, 2022
Fact checked by: Jesse M Cox
220th New Jersey Legislature - New Jersey State House north panorama, tags: extend online gambling authorization - CC BY-SA

220th New Jersey Legislature – New Jersey State House north panorama – CC BY-SA

New Jersey policymakers have made their move to extend the authorization of online gambling for another 10 years.

On Thursday, a state Assembly held a hearing and the discussion revolved around the benefits that the online gambling industry provided in the past years for the community. Assemblyman Don Guardian said that internet gaming is an “integral” component of New Jersey’s gaming industry.

Meanwhile, Assemblyman Ralph Caputo brought up how internet gaming helped casinos in Atlantic City, especially during the pandemic. According to Caputo, internet gaming played a major role in maintaining the business “through a very difficult time.”

New Jersey first introduced online casino games in 2013. Casinos offering online games have collected $4.79 billion in revenue from players since then. This figure was among the highest in the country, with Michigan recording $2 billion since 2021 and Pennsylvania with $2,47 billion since 2019.

The state also led the online sports betting revenue in the U.S. from 2018 through the start of 2022. The top position has been taken over by New York with its rapidly growing sports betting market.

Data released by the state’s Casino Control Commission revealed the growth of internet gaming in August this year. Online casino games gained a $131,4 million revenue, while the sports betting gross revenue amounted to $546,7 million.

This growth, however, did not necessarily reflect the income that brick-and-mortar gaming establishments would gain in the end. Executives at Atlantic City casinos said that most of the revenue would be taken by third parties to fund the operations.

For example, casinos and race tracks accommodating online sports betting could only keep $65,2 million out of the $546,7 million revenue in August as they needed to pay operational expenses.

The extension proposal requires more rounds of approval before being delivered to Governor Phil Murphy for final signature. The policymakers also advanced another bill related to online gaming on Thursday, providing permits for people to bet on e-sport games in New Jersey.

Read Also
Atlantic City casinos await New Jersey lawmakers’ smoking ban verdict
State lawmakers move closer to a total smoking ban in Atlantic City ...
New Jersey lawmakers consider ending casino smoking exemption
In November, New Jersey's state legislature may vote to end the indoor ...
BetMGM Promo
Betsson Celebrates 60th Anniversary with a New Partnership: AEK BETSSON BC
In the middle of a frenzy of festivities, Betsson, a renowned brand ...
U.S. traditional casinos still dominate despite online gambling growth
American Gaming Association (AGA) reported that while internet gambling has grown considerably, ...
Atlantic City casino union reaches agreement, strike canceled
Casino union members in Atlantic City have finally secured a tentative deal ...
Latest News
Nevada Casinos kick off 2024 with record-breaking start
The gaming industry in Nevada started 2024 with ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
BetFanatics
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
T&Cs apply
4.4/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site