Slow Start in New Jersey Online Gaming

Slow Start in New Jersey Online Gaming
New Jersey is the most populous state to legalize gambling on the Internet, joining Nevada and Delaware. In April, New Jersey’s online revenue fell by $500,000 to $11.4 million. In Nevada, which limits Internet bets to poker, revenue was $926,000 in March, the most recent month for which data is available. In Delaware, it was $207,000.
 
The business is struggling as banks decline to let their customers use credit cards for online gambling and software rejects players unless they’re physically in the state, according to Simon Holliday, founder of H2 Gambling Capital, a market research firm.
 
Casinos were central to the “Jersey Comeback,” the post-recession theme that Christie touted at dozens of town-hall meetings in 2012, that never materialized. State unemployment, at 6.9 percent in April, remains higher than the national average and in neighboring Pennsylvania and New York.
By Payton
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