Since in-state Online Casino gambling was legalized in New Jersey in November 2013, market revenue from the online gambling industry has increased 30% every year, and the online gambling market is booming. Legalization was primarily made in an effort to counter declining revenues from the brick-and-mortar Atlantic City casinos, and the legislation was proposed as early as 2011, but was opposed by the New Jersey Governor Chris Christie. Before the two new entries in the market, the New Jersey there were 14 online casinos available in The Garden State.
MGM Online Casino
By far the most intriguing new addition to the NJ online casino industry is the new launch of MGM Resorts International´s online casino. This is the first time that the super famous brick-and-mortar casino operator lends it´s brand name to online gambling, and expectations on playMGM as the casino is called, are very high. The new casino will offer the games of casino developer GVC, and will serve up a variety of slots, blackjacks, roulette, craps and video pokers. In the near future, the casino will also be able to offer a poker room, primarily offering Texas Holde’m tables.
The playMGM online casino opened for real money players last Tuesday, and if you are in New Jersey, you can play it either online of by downloading an app from Google Play or Apple App Store for you Android or iPhone respectively. The casino offers a $25 free play bonus and a 100% deposit bonus as part of their welcome package for new players.
The other company trying their luck on the NJ online casino scene might be a bit more surprising. It’s the strip club chain Scores that’s behind the new ScoresCasino.com launch. The company was previously involved in Trump Taj Mahal casino in Atlantic City, providing entertainment in said establishment, but the endeavor was short lived as the casino was sold and shut down.
Pala, a casino software developer and casino operator, already established in the NJ online market, will provide the games for the new venture, and ScoresCasino.com will offer slots games, bingo, roulette and craps as well as different varieties of video poker. The casino will be the first online casino not connected to a brick-and-mortar casino operator, and it will be interesting to see how the will market themselves to local gamblers. The casino is available now via the Internet as well as on the more common mobile platforms.
The Future of NJ Online Gambling
Whether this new additions to the local market will actually expand the market, or whether the brands will cannibalize each other remains to be seen. The growth in the market has, as mentioned previously, been great, but how much more it can actually grow, and if New Jersey really has room for 16 online casinos, is up for debate. Several market experts seem to think that the online casino market is saturated. And as long as the Nevada federal monopoly on sports betting remains in force, the margins for growth are getting slimmer.
If you do not live in NJ you can click here for a list of online casinos that are available in your area