LAS VEGAS, May 1, 2017 /PRNewswire/ -- New Jersey has enjoyed a windfall of new tax revenue, Atlantic City has been revitalized, and the regulatory system has been proven a success since the state legalized and regulated online gambling in 2013. "Regulated Online Gambling: Building A Stronger New Jersey" — a new report from NJOnlineCasinos.com that debunks many of the myths that opponents have used to argue against regulated online gambling — details the overwhelmingly positive data from legalization of online gambling in New Jersey.
The benefits include $536.62 million in total new revenue for casino operators, $93.91 million in direct tax revenue for the state, more than 3,300 jobs created or supported, and successful implementation of consumer-protection regulations.
"Sweep aside the misinformation spread by agenda-driven critics and a clear picture emerges: Regulated online gambling in New Jersey has been a definitive win for casinos, consumers, and the state," said Chris Grove, a Las Vegas-based gambling industry expert who authored the report.
"Any state looking to New Jersey can draw three clear lessons," Grove added. "First, regulation works. Second, there is a massive consumer demand for online products. Finally, online gambling supports the health and long-term viability of land-based casinos."
Legalized online gambling has been a boon for Atlantic City. In 2016, the iconic destination posted its first year-over-year increase in gambling revenue in 10 years.
Three Atlantic City casinos have confirmed that at least 80 percent of their online players have been new patrons, dispatching fears that regulated online gambling siphons revenue from land-based casinos, an argument regularly employed by opponents of legal online gambling.
"Hard data from the Borgata, Caesars, and the Golden Nugget has demolished any doubt," Grove said. "Online customers are new customers, and generate new revenue for casinos. These customers are critical to the turnaround starting to take hold in Atlantic City."
NJOnlineCasinos.com is an independent site promoting the legal online casinos and poker sites in New Jersey's regulated market. NJOC is not owned by or affiliated with any casinos or any of the entities mentioned in the report.
Zack Hall, DVA Advertising & PR, 541-389-2411, firstname.lastname@example.org
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