Online Casinos in New Jersey, USA
About NJ Online Casino Sites
New Jersey has a short history for online gambling. For many years, Atlantic City was the go-to place for gamblers on the East Coast. However, the country started being more lenient toward regulating gambling, which is when Atlantic City’s fortuned started diminishing. The competition increased in many places including New York, Ohio, Pennsylvania, and Connecticut.
For New Jersey, this meant a decline in gambling revenue. As new casinos popped in Atlantic City, this was exacerbated. Next was the massive economic crisis in the mid-2000s.
At this point, the idea of online casino in NJ became widely discussed. Such conditions prompted the regulation of online games such as poker that would bring a competitive advantage and a financial boost for New Jersey. This was when Governor Chris Christie passed a bill to legalize casino online NJ gambling sites in 2013. Through the passage of bill A2578, online gambling was legalized within the borders of the state.
In the years that follow, the NJ online casino list grew gradually, providing the state with high revenue gains.
The Best Online Casino NJ List
|Golden Nugget Casino|
Regulations Found at an Online Casino in New Jersey
Licensing of an NJ Casino Online
Since the State Constitution was written in 1947, laws permitted limited, very specific gambling in New Jersey. Even after the passage of bill A2578 when online gambling was legalized, this came with certain restrictions.
The bill gives existing land-based casinos a chance to apply for a gaming permit, as well as to partner with an iGaming software operator or provider. Any online casino NJ that applies for a license needs to pay a deposit of $100,000 which is non-refundable to cover the application fees. When approved, the online casino New Jersey has to pay a total price of $400,000 for the actual license, which includes the application fee.
In addition to these fees, a licensed New Jersey online casino is obligated to pay a renewal fee of $250,000 and an annual fee of the same amount. All these payments go toward the compulsive gambling treatment programs in the state, while the 15% tax rate of the growing gaming revenue go to the CRDA (Casino Reinvestment Development Authority). Lastly, gambling websites pay 2.5% of GGR to the CRDA.
In addition to permits, New Jersey offers three types of iGaming licenses including:
- Casino service industry enterprise license
- Vendor registrants license
- Ancillary casino service industry enterprise license