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HEALTHY FUTURE FOR THE NEW JERSEY ONLINE GAMBLING MARKET
19th June, 2014 at 09:25:57
Latest H2 Gambling Capital report strikes an optimistic note.
New Jersey politicians concerned over the failure of the state's nascent online gambling market to live up to expectations can take heart from the latest research by the respected industry data provider H2 Gambling Capital, which predicts that the intrastate online market has the legs to achieve $370 million p.a. in revenues over the next three-and-a-half years.
H2 predicts that overall intrastate gambling revenue will top $4.4 billion by 2018, with land casinos contributing almost 70 percent.
But it notes that individual adult spend on New Jersey licensed online gambling sites
should grow to high double digits in the coming years, whilst total per head gambling spend for the state industry overall is likely to decline from $313 in 2013 to around $216 by 2018.
The consulting company flags the competitive nature of the unlicensed operators accessing New Jersey and other US states - particularly in the sports betting and casino sector - which has an impact on legitimate operators.
Related News Tags: Land Casinos, New Jersey
BULLISH FORECAST FOR PENNSYLVANIA ONLINE GAMBLING
28th March, 2017 at 19:47:54
Hundreds of millions of dollars in new tax revenue possible with legalisation.
MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)
21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.
NOW WEST VIRGINIA EYES ONLINE GAMBLING LEGALISATION
18th March, 2017 at 06:34:19
New legalisation bill follows earlier challenge to PASPA
REPUBLICANS FILE ANTI-ONLINE GAMBLING BILL IN PENNSYLVANIA
14th March, 2017 at 08:11:41
HB801 has echoes of last year's unsuccessful attempt authored by former Representative (now Senator) Mario Scavello.
BETFAIR BREAKS EVEN IN NEW JERSEY
11th March, 2017 at 07:26:29
Profitability in sight as licensed online partnership with Golden Nugget prospers and US television assets grow.