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New Jersey online casinos booming with business!

Online casinos have always been a burning topic for the U.S.-based gamblers. There are many states in America that are regulating gambling at the state level, and the online casino industry is finally gaining a legal foothold in this country. So, if you’re a U.S. citizen staying in New Jersey, who likes to play casino games at Royal Vegas (a Canada-based casino), there’s not much that you need to worry about!

New Jersey is in fact one of the few states that paved the way for online gambling in the United States. It introduced an online gambling bill in the year 2013, making poker websites and online casinos legally accessible to the New Jersey’s residents.

Of late, the online gambling industry of New Jersey has been booming with plenty of business! As per the data revealed by the New Jersey Monthly Internet Gross Revenue Report, the online casino games surpassed $20 million gross-revenue for the fifth consecutive month, in July 2017.

Jersey Shore Beaches

Constantly increasing tax revenues from online gambling
New Jersey’s online gambling industry has been excellent for the state budget as well. As per reports, ever since online gambling was legalised in New Jersey in the 2013, the state has received more than $108 million as direct revenues from the industry. This is a great indicator for other states with regard to the extent of tax revenue they may be foregoing by not paying heed to the legalization of online gambling.

In fact, companies from all the corners of United States are now flocking to the state to make the most of this revolution in the online gambling industry. Other states like Pennsylvania are also in the process of legalizing online gambling.

Golden Nugget A.C. breaks records!
Among the various individual casino operators Golden Nugget A.C., which houses the Golden Nugget, SugarHouse and Betfair online casino brands, registered some major profits and revenues in the month of July 2017. It also became the first ever online casino operator in New Jersey to surpass $125 million gross-revenue. On the whole, Golden Nugget for quite some time has been the number one operator of online casinos in the state.

Conclusion
All these numbers are a clear indicator of the fact that online gambling holds great value for the smaller casinos, which can finally stand up to and compete with larger casino establishments. Overall value and size are no longer the determining factors in gambling industry. In fact, they don’t hold much value at all in the online gambling world.

Online gambling is expected to grow continuously and at a good pace in the State of New Jersey. Its success can also be expected to be a major factor in making way for its legalization in other states of America.

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