Internet Gambling Could Be Huge for AC [AUDIO]
New Jersey and Nevada recently became the second and third states in the country to legalize online gambling. A casino expert has predicted that New Jersey will destroy its western counterpart in terms of revenue.
"At this point, New Jersey is the leader by a longshot," said Roger Gros, publisher of Global Gaming Business Magazine.
The laws in New Jersey, Nevada and Delaware each require all gamers to be within the state's borders when using the Internet gambling service. The Garden State's population is three times the size of Nevada's and nine times more than Delaware's figure, according to the latest U.S. Census Bureau statistics.
Gros said New Jersey also has a much larger pool of people to draw from because Nevada's law legalizes only poker. New Jersey is also offering slots and table games.
"The legislation in New Jersey was well-crafted," Gros added. "It really gives Atlantic City and New Jersey a boost to become the online gaming capital for the United States at this point."
In order for gamers to set up an account, they would have to visit one of Atlantic City's 12 casinos. Gros suggested this could be another way the struggling resort town benefits from the new law.
"They're not going to come to Atlantic City, put some money in and turn around. They'll do something in Atlantic City," he said.
Internet gaming cannot commence in New Jersey for another three to nine months, while specific regulations are developed by the state. However, when it starts rolling, New Jersey may want to capitalize as much as possible as soon as possible. Once other states jump on board with online gaming, New Jersey could again feel the pains of neighboring competition.
Interstate partnerships would allow New Jersey to offer its service to out-of-staters, and New Jersey residents could register with casinos in other states.