NJ to Start Internet Gambling on Nov. 26

by Christopher Freeburn | October 5, 2013 2:59 pm

roulette gambling casino bet 630[1]Garden state residents eager to begin wagering over the Internet will have to wait until late November[2].

On Friday, the New Jersey Gaming Enforcement Division said that online gambling though the 12 casinos operating in the state will kickoff on Nov. 26 at 9 a.m. Some players will get an advanced peek at the system, since casinos can invite selected guests to try out the system starting on Nov. 21., the Associated Press notes.

State rules governing online gambling will go into effect on Oct. 21, a month before the trial period begins. Gamblers don’t have to be actual state residents, but must be physically located inside the state when they play.

The launch of Internet wagering in New Jersey comes as its Atlantic City casinos are facing dwindling traffic. The city’s casinos generated just over $3 billion in 2012, down from $5.2 billion in 2006.

Most of Atlantic City’s casinos have partnered with online gaming companies to offer Internet wagering including those owned by Caesars Entertainment (CRZ[3]) and Tropicana Entertainment (TPCA[4]).

In February, New Jersey became the third U.S. state to legalize online gambling[5], following Nevada and Delaware.

  1. [Image]: https://investorplace.com/wp-content/uploads/2012/06/roulette-gambling-casino-bet-630.jpg
  2. will have to wait until late November: http://hosted.ap.org/dynamic/stories/U/US_INTERNET_GAMBLING?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-10-04-09-38-26
  3. CRZ: http://studio-5.financialcontent.com/investplace/quote?Symbol=CRZ
  4. TPCA: http://studio-5.financialcontent.com/investplace/quote?Symbol=TPCA
  5. became the third U.S. state to legalize online gambling: https://investorplace.com/2013/02/new-jersey-passes-online-gambling-law/

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