Thanksgiving Week The Target Date For New Jersey Online Gambling
Residents in the state of New Jersey have been spoiled when it comes to the liberation of casino gambling, and now it appears that regulators in New Jersey are preparing to give residents an extra treat this Thanksgiving.
On Monday, regulators announced that they were still on pace to hit their target date of November 26th to launch the states first online casino. The date, just two days before Thanksgiving, will give residents something to look forward to while they digest their Thanksgiving meals.
The biggest winners in the expansion of online gambling in New Jersey may be the struggling Atlantic City casinos. The AC casinos have not rebounded from the 2008 economic recession, and are looking forward to taking their brands online.
"If New Jersey can meet that November 26th deadline, it would provide a huge boost for Atlantic City casinos," said analyst Neal Sommerson. "Heading into a holiday weekend with a new product to offer the millions of residents that will be home on vacation, should provide casinos with a decent opportunity to put up strong revenue numbers out of the gate."
New jersey is one of three states that have created online gambling regulation laws over the past two years. Nevada has already launched their first online casino in BETA mode, with a hard opening of other casinos expected to come in the next few weeks. Delaware has also regulated the industry.
Lawmakers in New Jersey and Nevada have left the door open for pooling their players should federal laws change. Currently, there are no federal online gambling regulations. Legislators have been pushing for law changes at the federal level before too many states authorize the activity on their own, leaving the federal government without a piece of the gambling revenue generated in these states.