Understanding the New Jersey Gambling Scene and Laws
$6,000 Welcome Bonus
New Jersey state laws smile kindlier on gambling than in other states. Atlantic City resort has helped secure New Jersey as a state that's tolerant of people enjoying a flutter.
Online gaming is a big part of the New Jersey economy. It's a surprise that other states haven't opened themselves more to it. Between 2013 and 2018, it generated $259.3 million in tax revenue to state and local governments and created 6,552 jobs. In 2020, the state's nine land-based casinos generated a total of $1.5 billion in gambling revenue. Online gambling is taxed at 15% of sales, whereas on brick-and-mortar casinos it's 8%.
Online gaming generated $259.3 million in tax revenue to state and local governments between 2013 and 2018. It created 6,552 jobs and $2 billion in sales between 2014 and 2019.
New Jersey has revised some of the laws around online gaming. The official state of New Jersey site sets out a list of online casinos that can operate legally and where citizens can play. Other budding online casino operators may apply for a license.
New Jersey has been able to legalize sports betting since May 2018. The law was unconstitutional and the Supreme Court agreed with New Jersey. Governor Phil Murphy signed the legislation. New Yorkers can bet on sports games at racetracks, casinos and other venues. They can't bet against college games or on events involving New York teams. Professional sports are not allowed to bet. The barrier to entry for operators is low. It creates more choice for consumers. However, NewJersey may always be behind offshore markets.
The Supreme Court's decision to legalize sports betting in all states is a huge victory for New Jersey. Idaho, Wisconsin and Utah haven't announced any bills to do so yet. Utah has a strict anti-gambling stance. New York has become more liberal towards gambling. The NFL is one of the biggest draws for the New Jersy sportsbook market.
