Ten years in the making: New Jersey online revenue reaches $7bn
Online gambling statewide has contributed more than $1.45bn in taxes during the past decade.
The state of New Jersey recently reached a gross gaming revenue milestone for its market’s first decade. New Jersey online casinos reported reaching the $7bn mark for gross gaming revenue, according to Oddsseeker.com.
The state opened for online casino gambling in 2013 after former Governor Chris Christie signed Senate Bill 1565 into law. The New Jersey Division of Gaming Enforcement (NJDGE) soon established a regulated market following the government sanction.
New Jersey officially initiated its “soft launch” of online gambling in November 2013. The state regulator approved six licensees to begin operating within a few days of the launch.
Legal online gambling debuted in New Jersey on November 26 2013. More than 126,000 online users created new accounts within the first year live, according to data from the Casino Control Commission.
Within the first year, New Jersey online gambling contributed close to $1.26m in taxes.
During the past decade, the Garden State has collected more than $1.45bn in taxes from online gaming revenue, another New Jersey milestone. A significant portion of tax revenue provided aid to Atlantic City during the recent Covid-19 pandemic.
In related news, media affiliate NJ Online Casinos recently released details for all no-deposit bonus offers that New Jersey’s online casinos currently offer. No deposit bonuses enable players to use free cash to play various slots and to place online casino wagers without making real deposits.
NJ Online Casinos compiled and designed the list to give players around the state easy access to comprehensive details, including what minimum deposits are needed to offer access and a ranking system for the state’s no-deposit bonus casinos.
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
