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New Jersey – Online Casinos & Gambling Regulations
The northeastern state of New Jersey finds itself in a relatively unique position by being simultaneously one of the smallest US states, while being one of the most populous. Ever-growing metropolitan sprawls have spilled out from big cities like New York and Philadelphia to create large urban areas in New Jersey. There is however the large coastal area of the state, where you can find Atlantic City known around the country for its big gambling events. Atlantic City became particularly noteworthy in the sports betting scene during the 1980s thanks to the fact that most Mike Tyson fights were held there. Recently the state has put itself on the map again, thanks to its now regulated status of online activities.
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The Garden State has recently gone through a gambling renaissance, as it is now one of the few states in the country that offers up fully regulated online gambling. Establishments are therefore able to apply for a New Jersey gambling license, which can be used to allow the casino to offer up online activities to NJ residents. You may however come across some sites that are not licensed to operate in New Jersey but are instead licensed in other jurisdictions. While these sites are not necessarily illicit, they do not have any authority to provide their services to people residing in New Jersey. It is therefore best to stick with locally licensed operations, as this affords you the maximum legal recourse and oversight safety nets.
- Is the casino licensed to operate in New Jersey?
- What do reviews say about the site?
- Is there an appealing welcome offer available?
- Does the site feature an enticing loyalty program?
- Will you be able to use your preferred payment methods?
Asking yourself a few key questions is a great start to finding an online casino that is trustworthy and worth your while. Checking out the casino reviews found here at GoodLuckMate is where you can find a lot of answers to these questions, along with a whole lot of other valuable information. Because oftentimes you can’t put a price on a second opinion.
Atlantic City made New Jersey a popular hotspot for gamblers for decades. While never quite matching the same scale as Las Vegas, it was nonetheless seen as a good alternative for those living on the east coast. Unfortunately, due to the growing competition that began sprouting up in neighboring states, New Jersey casinos began to see diminishing returns. This then led to the signing of a bill in 2013 that authorized the distribution of online gambling licenses with the caveat that any applicants must first partner with an already operational Atlantic City casino. This turned New Jersey from an unregulated online casino market to a regulated one. It would be another four years before neighboring Pennsylvania would catch up.
Another big advance would come in 2018, affecting all states in the country. The dissolution of the Professional and Amateur Sports Protection Act allowed states to form their own independent legislation on sports betting. This lead to a lot of states opening up their sports betting markets, not least of all New Jersey. Being already equipped to handle online casino games, the state was now able to also fold sportsbooks into the package.
Residents of states where online gambling is restricted or unregulated, and yet still play, have often been riding on the benefits that the regulated market of New Jersey has facilitated. While most online casinos are well equipped to take on US customers from the start, the fact that the activity is now authorized in some states has given an even bigger incentive for operations to provide more localized features and content for US players. While English language options and big US events like the Superbowl have always been prominent features in the industry, localized payment methods and promotions only really began to take off in the states thanks to legislation created by New Jersey. A regulated market tends to bring over lots of localization benefits that are widely available and ready for NJ residents to take advantage of.
US dollars were already a widely available currency at online casinos before states like New Jersey began regulating their markets. The currency often serves as a default option for players whose currency is not supported by the casino. Licensed casinos operating in New Jersey will therefore definitely have US dollar support and various payment options to facilitate the deposit and withdrawal of dollars. While payment cards and bank transfers are widely available, many players instead opt to use e-wallets or cryptocurrencies. These methods provide a fast and easy way to make payments online without the need of involving your bank. Cryptocurrencies have recently become so popular that some online casinos deal exclusively in them, meaning that you will be unable to deposit and play at them using conventional currencies.
You can’t talk about casinos in New Jersey without mentioning Atlantic City. While the casinos of AC were on a steady decline in the past, a lot of evidence suggests that the regulating of online activities actually boosted the performance of land-based establishments. Five casinos closed down between 2014 and 2016 in AC alone. The change in sports betting regulations in 2018, allowing online sportsbook operations, was seen as having a massive boost to the local industry as the end of 2019 saw an almost 20% growth in total gaming revenues over the previous year. That same period saw 86% of all sports bets being wagered online.
Right now New Jersey is in an envious position from the perspective of most of its fellow states. Online gambling activities remain restricted or unregulated in most of the country, while residents still have complete access to a wide range of overseas casinos. New Jersey benefits massively from its regulations by being able to directly benefit from the tax revenues, increased employment prospects and other economic benefits. Unregulated states instead see all of their gambling revenues go to overseas jurisdictions. There has been a lot of mixed hope that many states will follow New Jersey’s example, however, progress moves at a snail’s pace.