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Gambling in the USA

Online gambling reaches four years of ops in New Jersey

George Miller

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Online gambling reaches four years of ops in NJ
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The numbers released by the local regulator were studied by analysts and reveal a successful four years of operations.

 

According to the official figures released by the New Jersey Division of Gaming Enforcement (DGE), the state has generated US$683 million in online gambling revenue during the first four years of operations.

The figures were analyzed by PlayNJ.com, and showed that online casino games are the biggest source of income in the state. US$578 million of the total amount correspond to online gaming operations, which equal an 85 percent of the total amount collected in the state. Online poker has managed to achieve US$103 million ever since New Jersey regulated the online gaming industry four years ago. The state also generated an additional US$119 million in taxes.

Whilst New Jersey legalised the industry on November 26, 2013, these numbers report results until October 31 of the current year. Steve Ruddock, lead analyst of PlayNJ.com, said: “Four years of data shows us the incredible potential of legal online gaming. Online play has increased the revenues and customer bases of New Jersey’s land-based casino operators, and the residents of New Jersey have benefited from being able to safely gamble online at regulated sites that protect their financial information, offer fair games, and promote responsible play.

And added: “First, online casinos are showing no signs of slowing down and second, online poker appears to destined for growth after New Jersey entered into an interstate agreement with Nevada and Delaware, in addition to the legalisation of online gaming in Pennsylvania, that could end a prolonged period of stagnation.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Compliance Updates

Maine Legislature Passes Sports Betting Bill

Niji Narayan

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Maine Legislature Passes Sports Betting Bill
Image Source: playusa.com
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Maine legislature has passed the sports betting bill. The Legislative Document 553 was given final approval by each chamber of the legislature and will now pass to Governor Janet Mills to be signed into law.

LD553 opens up the market to all of the state’s bricks and mortar gaming venues, such as commercial racetracks, off-track betting facilities, and commercial and tribal casinos. It will also allow mobile operators to apply for licences without the need for a land-based partner in the state.

Successful applicants will have to pay $20,000 as licence fee, 10% tax on land-based wagering revenue and 16% rate for mobile wagering. The bulk of revenue raised through these taxes will be allocated to the Maine General Fund.

Operators will be permitted to offer odds on all professional, collegiate and amateur sports events. Betting on events involving Maine-based colleges and universities will be prohibited. Only citizens aged 21 and above will be allowed to bet.

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Gambling in the USA

Evolution Wins “Service Provider of the Year” American Gambling Award

Niji Narayan

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Evolution Wins “Service Provider of the Year” American Gambling Award
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Evolution Gaming, the leading live casino solutions provider, has been crowned the Service Provider of the Year at the inaugural American Gambling Awards 2019.

Evolution beat eight other shortlisted service providers to win this prestigious award. The award recognised the industry service provider who has had the most meaningful impact in the online gambling space over the course of the judging period.

“We are extremely proud to receive this award. It is a testament to our hard-working team, who have made it possible to rapidly ramp up services to meet our new US licensees’ growing needs,” James Stern, Chief Business Development Officer at Evolution said.

“In a short amount of time, our overall impact in the US has been remarkable, with demand for our services increasing rapidly. We are now extremely well placed to support our licensees as they acquire and grow market share in the exciting US Live Casino market,” Stern added.

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Gambling in the USA

Paysafe Scoops “Payments Processor of the Year” at the American Gambling Award

Niji Narayan

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Paysafe Scoops “Payments Processor of the Year” at the American Gambling Award
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Paysafe Group, the leading global payment provider, has won the “Payments Processor of the Year” award at the inaugural American Gambling Awards.

In February, Paysafe brought to market its iGaming payments platform, allowing operators to plug their brands into a comprehensive suite of Paysafe payments products through one single point of integration. The platform allows US iGaming and sports-betting brands to seamlessly offer players card payment processing, the Skrill digital wallet, instant ACH, and online prepaid solutions.

The award acknowledges Paysafe’s transformation of the payments experience for both players and operators by unifying an unprecedented number of payment methods in one platform.

“It has been a momentous year for the US gaming space – and for our business, with the launch of our iGaming platform developed specifically for operators and players in a market with huge growth potential. We’re honoured to see our platform recognized, and we look forward to further investing in this technology and rolling it out into new regulated states as the American gaming market continues to evolve,” Neil Erlick, Executive VP of Business Development at Paysafe said.

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