The news that legal online casinos are coming to New Jersey November 26 raised new questions about the potential of this market. According to the new reports published already, from the end of this month, people in the state of New Jersey can play blackjack, slot machines, roulette and poker in these online casinos.
The full legalization of Internet casinos took place at the beginning of this year, following the dedicated bill that entered into force under the signature of governor Christie. One of the provisions of the bill mentions the location of the computer servers allocated for operating the websites of the companies allowed to open online casinos. Thus, the servers should be situated in one of the registered casinos in Atlantic City. The choice of this location is not arbitrary, as in Atlantic City there are located 12 casinos and it is a guarantee of experienced personnel in this field, including from the technical point of view. The full safety and security of the servers is very important, as through them very important personal information are traded on a regular basis.
The online activities are a popular amusement for people of all ages. From the convenience of your home, one can easily explore the possibilities of Internet casinos without the need to go out and eventually waste time waiting in line in the front of a real casino. The experts in the domain of online casinos outline that more and more people passionate about such games will prefer the online activities due to the limited costs and the high potential of profits. The reasons can be of psychological nature as well: playing from home guarantees more quietness and thus, the possibility of making the right choice without any bothering influence.
With online casinos gaining more and more popularity across the US and not only, the experts and financial authorities are unable for the moment to estimate the full potential of the market. What all the experts are unanimous about is the big potential of important revenues to the local budget. The same can be said about New Jersey, where the introduction of various Internet casinos is just at the beginning.
The new market of NJ online casino in New Jersey has a minimal estimated potential of approximately 180 million new tax revenues. The values of the wins should be, consider some experts, of around $1.2 billion. However, this is only a first hand evaluation and the specialists warn that the first realistic information in this respect will not be fully available before the end of the next year.
New Jersey has a long history in the domain of gambling. Till the wave of bannings occurring in the mid-19th century, this state used to be one of the most permissive in this respect. The impressive profits and tax revenues obtained in this way were widely used for the support of various public projects. One of the main benefactors was the College of New Jersey. Most likely, this tradition will be continued into the era of Internet casinos.