New Jersey Online Gambling Continues to Disappoint
June 3, 2014
It has been about six months now since New Jersey started online
gambling and the overall numbers have been disappointing. New Jersey
Governor Chris Christie estimated that the state would bring in
about $180 million dollars this fiscal year from taxes from online
gambling. Those numbers were extremely optimistic and not realistic.
The current projections have the state bringing in about $12 million
dollars.
Online gambling in New Jersey hasn’t taken off as expected
but casino gambling in New Jersey overall is down. Online casinos
have struggled because banks still are slow to respond in allowing
customers to use credit cards for deposits and players can’t
always get online and play using mobile devices. And those two issues
are not even the biggest problem as New Jersey online gambling sites
are simply not as good as those that have been around for many years.
Sites in Costa Rica, the Caribbean and even sites in Canada are
simply better and easier to use than those in New Jersey. And gamblers
have no problem playing at these sites instead of at New Jersey
online gambling sites. Another part of the problem for New Jersey
is that most of their residents don’t even know that online
gambling sites exist in their state.
New Jersey actually had their online gambling revenue decline in
April and that decline was a major concern for the state.