New Jersey Online Casinos Haven’t Been Performing Well
New Jersey Governor Chris Christie has attracted some attention in recent months for his apparently incorrect assumptions with regard to the revenue brought in by online casinos in New Jersey.
According to report the first seven months of trading in a properly regulated sense in New Jersey, the online casinos brought in more than $12 million in taxes for the state. This may sound good but it falls woefully short of the $180 million figure the Governor estimated would be the case in the budget he had previously created.
Are these figures really that bad?
Actually many people think they are quite respectable considering we’re talking about mere months since the casinos have been allowed to operate online in this particular state. Many believe the figures will improve over time but that it will take a while yet for the tax revenues for online gambling in New Jersey to get better.
What does the future hold?
It’s impossible to tell. Nevada and Delaware have also legalized online gambling and earlier in the year Nevada was ahead of New Jersey when comparing revenues between the two. This is really to be expected considering the established real-life gambling Mecca Nevada has long since been.
One analyst believes New Jersey will see better results in the coming years. These results may well lead to far better tax revenues, even if they don’t quite meet the estimate that was put forward by the New Jersey Governor.
Moving from offline gambling to online gambling
The very fact that online gambling is now a possibility in New Jersey is going to take some time to get used to. Many people are used to gambling by going to real bricks and mortar casinos. The idea of simply logging onto your computer to visit your now-legal online casino in New Jersey is going to be alien to lots of people. Some will have tried it straightaway but for others it will take time.
In the end we’ll have to wait and see how long it takes to see an increase in revenues. There is every chance they will get better as the months and years go on, but it remains to be seen how long it takes to reach significant heights such as those mooted at the beginning of this report. It may be made illegal again by that time, which would be a shame.
