The US state of New Jersey has seen a windfall of new tax income, the flagging fortunes of Atlantic City have been revived and the regulatory system for real-money i-gaming has been a success, concludes a report from NJOnlineCasinos.com.
The report, Regulated Online Gambling: Building A Stronger New Jersey, details the “overwhelmingly positive” data that has arisen following the legalisation of online gambling in New Jersey in 2013.
The benefits, says the report, include a $536.6m revenue boost for casino operators, $93.9m in direct tax revenue for the state and more than 3,300 jobs created or supported.
“Sweep aside the misinformation spread by agenda-driven critics and a clear picture emerges: regulated online gambling in New Jersey has been a definitive win for casinos, consumers, and the state,” said the report’s author, Chris Grove.
“Any state looking to New Jersey can draw three clear lessons. First, regulation works. Second, there is a massive consumer demand for online products. Finally, online gambling supports the health and long-term viability of land-based casinos.
“Hard data from the Borgata, Caesars and the Golden Nugget has demolished any doubt,” Grove said.
“Online customers are new customers, and generate new revenue for casinos. These customers are critical to the turnaround starting to take hold in Atlantic City.”
