Play in New Jersey is a major industry, and it’s not something new. The state has offered many legal gambling services for decades and is at the forefront of adopting new technologies to support the pastime.
So what makes NJ and gambling such a good match? Let’s dive into the history of his gambling obsession to find out.
The game goes way back in New Jersey
Before 20and century, few states embraced gambling as much as New Jersey, and authorities were even actively engaged in running lotteries as a means of raising money to pay for everything from building projects to the Revolutionary War effort.
In the middle of the 19and century, bans on lotteries were imposed and finally in 1897 there was an outright ban on all gambling activities, backed by a public referendum.
Despite this, minimal enforcement of these laws meant gambling continued behind closed doors, and by 1939 there was legal betting at racetracks, followed by wider legalization of entertainment in the 1950s.
The 1970s were a breakout era for legal gambling, as casinos were given the green light in Atlantic City to help revive the struggling urban area. This paved the way for the modern era of New Jersey’s gambling scene, which in turn inspired other states to follow suit.
New Jersey was an early adopter of online gambling
Today, online gambling in new jersey is well established and generates billions for public coffers every year.
This was prompted by the state’s decision to legalize online casinos in 2013, shortly after a change in federal law made them an option nationwide.
To get in on the action as soon as possible, NJ lawmakers gave online gambling license opportunities to land-based casino operators, ensuring there was no chance that land-based casinos in Atlantic City would lose out. due to an increase in the number of online games. bet.
Again, because New Jersey had a historical connection to gambling, it made sense that it would become an early adopter of online casinos, which paved the way for regulatory changes in other parts of the country in the meantime.
Sports betting was also legalized as soon as possible
One of the most recent steps taken by New Jersey is to provide legal sports betting following the Supreme Court’s decision to allow them in 2018.
As you’d expect, providing residents and visitors with the ability to bet on hugely popular sporting events, as well as more obscure matches and games, has allowed even more money to flow into this industry. Paris exceeded $1.3 billion in October 2021, and new records will certainly be set in the future as interest in this activity increases.
While land-based sports betting is a possibility, it is the online sector that is attracting the most interest. The convenience of being able to bet from a modern smartphone, and even place bets while games are in progress, gives online services an edge over their traditional counterparts.
The future looks bright
As you can see, New Jersey’s history is intertwined with gambling in various ways, and more importantly, its economic future is sure to be positive thanks to the growth and growth of this industry.
Taxes levied on casinos and sportsbooks pay for all sorts of public projects, while the thousands of jobs created in the state keep people working in large numbers.
While there are legitimate concerns about gambling, the positives clearly outweigh the negatives in New Jersey, and it sets an example for other states.