NJDGE Reports Bright Future in iGaming

Gaming regulators and New Jersey state officials issued a 10-page report that assessed the first year of regulated online poker and gambling, with an optimistic look at a some key areas that hint toward a bright future for the Garden State.

Under the title of the “New Jersey Internet Gaming One Year Anniversary – Achievements to Date and Goals for the Future,” the report summarized the struggles encountered in year number one of its igaming regime. Along with those struggles came accomplishments and lessons learned that will likely soon lead to putting some new strategies into play that will benefit the bottom line.

The Internet gaming letter was prepared and released by New Jersey Division of Gaming Enforcement Director (DGE) David Rebuck. Dated January 2, 2015, the report points out that 506,172 accounts were created by online gamers in New Jersey since launching in late November 2013 through the same month in 2014.

Players from those half-million accounts were responsible for the state’s igaming revenue reaching $120.5 million in the first year of operation. It could have been more, but revenue totals were lessened due to financial institutions shunning some credit card deposit attempts. That is expected to improve this year.