Online gambling has become a top pastime for many players in the US, especially those that reside in New Jersey. With legal casinos now operating, players have many options available and can choose to play at some of the most trusted brands in the US.
Here, we take a look at the legalization of online casinos in New Jersey and the laws that started the ball rolling. Today, online casinos generate huge amounts of revenue for the state and continue to attract new players regularly.
In February of 2013, New Jersey saw the passage of a bill that would legalize the operation of online casinos within the state. The bill A2587 was designed as a way for the failing economy in Atlantic City to be stimulated. A final version of this bill passed with flying colors, getting an Assembly margin of 68-5 and a Senate margin of 35-1. The governor at the time, Chris Christie, signed the bill into law and online gambling in New Jersey was born.
Land-based casinos in NJ were then allowed to apply for an online gaming permit. These casinos were also required to partner with a software provider. All applicants were required to pay a deposit of $100,000, which was non-refundable. If approved, that money would be applied towards the cost of the gambling license, which was set at $400,000. There is also a $250,000 renewal fee as well as an annual fee of $250,000 which is used to fund the gambling treatment programs in the state.
Multiple operators jumped on board and applied for licenses and were granted permission to launch online sites. To make sure that all operators could enter the industry equally, a synchronized launch was planned. Each operator was allowed the same amount of time to get licensed and complete testing.
On November 21, 2013, six of the most popular Atlantic City casinos launched their online platforms. These casinos included Borgata, Harrah’s, Trump Plaza, Trump Taj Mahal, Caesars, and Tropicana.
Initially, Golden Nugget was to be part of that synchronized launch, but it did not go online until the following month. In the following months, more sites started to operate and the gambling landscape in New Jersey was changed forever. Today, more than 30 sites are licensed to provide real money games to players.
The Division of Gaming Enforcement is responsible for issuing licenses and making sure that operators provide fair games and operate according to state laws and industry guidelines. The DGE was also responsible for setting the rules regarding who could access these newly launched casino sites. In order for any player to create a real money account, they must be at least 21 years of age.
The regulations also state that all real money gamblers must be physically located in New Jersey and this is confirmed by the use of geolocation software. All players must complete a KYC process that verified their identity, proving their age and location. Gamblers are not required to live in the state to make use of any operating casino site, but they are required to be in the state when they are accessing the site and placing any bets or redeeming bonuses.
With online gambling now legal in the state, players are able to access their favorite casino games from the comforts of home. New Jersey has also legalized online sports betting. Many of the top casino sites in the state offer a casino platform as well as a sports betting section so gamblers have access to all forms of betting.Online Casino