How About A Look At The Online Gambling Scoreboard?
Added: Dec. 19, 2016
First, take note of the fact that for the purposes of this article, the term online gambling scoreboard is being used to refer to a closer look at the truth of the online gambling industry in the United States. More specifically this article will lay out for you the state of online gambling in the state of New Jersey.
As you probably know full well, the state of New Jersey has been somewhat of a test case in the United States for legal online casino action. Recall that as recently as the year 2013, the state of New Jersey grew tired of the do-nothing Congress that refused to enact legislation regarding online gambling. Instead the proactive Governor Chris Cristie and the New Jersey legislature took matters into their own hands and enacted their own laws for legal online gambling for New Jersey residents. Thus, you can readily understand that is quite instructive, especially as the year end approaches to take a look at online gambling in New Jersey.
As in who’s actually winning? As you might well suspect, it turns out that New Jersey online gambling is an outstanding example of the often illusory goal of “win win”. Yet, in this case, that is in fact the reality of the state of online gambling in the state of New Jersey.
If you take a look at the published numbers for New Jersey, it is quite clear that both online casino players as well as the state of New Jersey itself are clear winners. It turns out that there is more than $440 million in gross gaming revenue that New Jersey was not generating prior to the legalization of online gambling.
While it is true that the Trump Taj Mahal Casino is over and done with so to speak, it would appear that the land based casino industry is either plateauing or even set for a new growth phase. More importantly, it is also undeniably true that the availability of online casino action did not siphon away or cannibalize revenue from the brick and mortar casino sites. In fact, there is strong evidence to suggest that the availability of legal online casino action is actually bringing in new players to the land based casinos in New Jersey.
Bottom line: the online gambling scoreboard as showcased by the state of New Jersey clear demonstrates a win-win for all. Now the question of the day is will other state legislatures in the U.S. take the time to see the truth about online gambling as seen in the state of New Jersey?