Online Casinos goes Live in New Jersey

new-jersey-online-casinoGambling and casino gaming certainly isn’t anything new to the American state of New Jersey, but online wagering will be when it’s introduced there in November of 2013. Atlantic City has long been the home to casino gambling in the Garden State and off-track betting and horse racing is also a popular past time. However, there will now be competition for betting dollars as the government is allowing online gambling to make its long-awaited debut.

New Jersey will become the third American state to experiment with online real money gambling behind Delaware and Nevada. While Nevada made it legal to play online poker for money, New Jersey will be offering poker as well as slots and blackjack and other types of games. Delaware will also be launching their platform before the year is out.

The date to circle on the calendar in New Jersey though is November 26. This is when the gambling licenses will officially kick in and residents of the state will be able to start wagering online. A total of 37 companies applied for licenses with the state’s Division of Gaming Enforcement back in July and the first online gambling permit was awarded to Atlantic City’s Borgata Hotel Casino & Spa on October 9.

The Gaming Enforcement Division said the Borgata application was the first complete one they received and the establishment should be able to offer online wagering on November 21. However, The Borgata also needs to wait until bwin.party, its partner, also receives a permit from the state. November 21 has been designated as the trial period for online wagering and if there aren’t any problems then the official internet gaming date will be November 26.

The state won’t confirm which other companies have applied for licenses until they have been approved, but some of the firms have already made the announcement themselves. It’s believed that 10 out of 12 casinos in Atlantic City have joined forces with online gambling providers. The Division of Gaming Enforcement has stated that the other two casinos have named an online gaming partner and could also apply for a permit once they work out negotiations with them.

Some of the online gaming partners who have come to agreements with casinos include bwin.party, Ultimate Gaming, 888 Holdings, and PokerStars. Resorts Casino Club has come to a deal with PokerStars, while 888 Holdings is working with Caesars Entertainment Corp., and the Trump Taj Mahal Casino Resort has joined forces with Ultimate Gaming. In addition, 2UP Gaming, which is based in Britain, recently teamed up with an investment group from Asia to pump $330 million into the purchase or building of an Atlantic City casino. The firm said it would rather buy an existing casino and then launch its own internet gaming platform.

New Jersey gambling used to be focused in the famous Atlantic City, but now residents all over the state will be able to join in on the gaming action. This is a big move forward for online gambling in America as New Jersey ranks as the 11th-most populated state in the country. In addition, when it comes to median household income, it ranks as third highest.

State Senator Ray Lesniak said online gaming in New Jersey will have a great impact on the country and he believes it won’t be long before it spreads across the land.