New Online Casino Network Deal In US
Following on the announcement last week of the impressive growth of online casino revenue in New Jersey, the state’s governor Chris Christie revealed that he has signed off on a new agreement between Nevada, Delaware and New Jersey for online gaming.
The deal is to allow what has been termed “online player liquidity”. Basically it will create a closed online gaming network between the three states. In essence it is a miniature trial of online gaming. The three state’s online players will be able to play tournaments against each other for example.
At the moment only online Poker is allowed to be played but this can be seen as a step towards legalisation of online gaming, even though this is on a very small scale and to a niche market. This deal actually builds on an older deal from 2015 between Delaware and Nevada.
This older deal was a big success for the two states. The inclusion of New Jersey in this deal would boost the revenue for all three states. In response to the announcement Chris Christie stated reiterated the potential for growth for all three states.
A Boost To State Revenues
Christy said that this compact would enhance revenue growth, attract new players and create many opportunities for growth within the industry. He went on to say that this is an exciting chapter for online gaming and all three states are looking to benefit greatly.
The announcement of this compact follows on the publishing of the revenue growth stats, year on year, for New Jersey ‘s gambling industry. While land based casinos posted growth figures as low as 0.1%, online gaming revenue grew by an incredible 26%.
While online gambling is still widely considered illegal in the United States, there is a clear desire from the public for online gambling. The convenience and benefits of online gaming practically markets itself but land based casino still retain their stranglehold on the industry.
Even though currently only online Poker is legal in some states, it at least is a step in the right direction to legalise online gambling. The creation of this compact shows that the industry has immense potential for growth and states can greatly benefit form the revenue streams generated by online gaming. As this compact progresses it will certainly help set a precedent for future online gaming growth and may set up a legal framework for future reference.
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