Contact Us

Experts Say Online Gambling Has ‘Potential’ [AUDIO]

The state’s foray into online gambling is off to a slow start, but experts believe it could have big potential.

online gambling
Bruno Vincent, Getty Images

Figures show Borgata Hotel Casino & Spa and Caesars Interactive accounted for the bulk of the revenue, totaling $6.1 million of the $8.4 million that was taken in by the state’s internet gambling sites in the last five weeks of 2013.

Roger Gros, publisher of Global Gaming Business Magazine, said Borgata’s Party Poker and Caesars’ World Series of Poker brands gave them an advantage in the industry.

“That shows they were prepared and they have the best brands,” Gros said.

However, Gros said other names will soon join New Jersey’s online gambling marketplace, notably MGM and Winn Resorts, who will launch under the Borgata and Caesars brands.

“If PokerStars can ever get its act together in how they’re going to restructure their company, they’re the big brand worldwide, so if they’re able to participate in New Jersey, they’ll steal some market share,” Gros said.

Gros said online gaming could have bigger potential in the state, provided many of the initial problems with the online user experience can be resolved.

“There are still problems with depositing the money that you want to deposit to play, you can’t use credit cards, people are reluctant to link to their bank accounts,” Gros said. “They’ve got to figure out how to make it easy to go online, rather than filling out all these forms and having to verify where you are every 10 minutes.”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.