Category Archives: Casino History

History of NJ Online Casinos

New Jersey was one of the first states to legalize and regulate online gambling. This has happened as there was a continuous decline for the land based casinos and now there are a few online casinos that are completely legal to play at. The history of the NJ online casinos starts back in January 2010 when the state senator Raymond Lesniak has introduced a very similar bill in the state Assembly and in the Senate at the same time. This bill was about offering regulated and legal gambling to the residents of the New Jersey state.

The bill passed the Senate of New Jersey and it was the first time after the 2006 UIGEA legislation when a bill had a positive vote. The first time it was voted in November 2010, other votes happened in December 2010, and it was at the beginning of the year 2011 when Governor Chris Christie voted the online gambling bill. All these procedures led to February 26, 2013, when the New Jersey state was the third state to offer legal online gambling.

During the same time a new organism was born: the New Jersey Division of Gaming Enforcement. There were 12 casinos from Atlantic City to apply for a license, but only 8 of them received one.

An important thing about the New Jersey online gambling is the fact that only the companies that had land based operations in Atlantic City where able to apply for a license. The tax revenue for online gambling is set at 15%, while the normal land based casino tax have an 8% tax. This way in October 2014 NJ have reported a revenue of more than $100 million since everything started back in November 2013. In the future there are estimations that show there will be between $260 and up to $400 million in additional revenues for the online casinos that are licensed in the state of New Jersey.

The online gambling history of New Jersey is still a rather short one, but it proved to be a success right from the start. The legal gambling done within the borders of NJ state is able to bring benefits to everybody and here we can include the players, the casinos and the state’s officials.

While the online casino gambling can be considered to be something new, the state of New Jersey has a very rich history related to gambling that dates more than one hundred years back.