First New Jersey Online Gaming Permit Goes To Boyd’s Borgata
With estimated annual revenues of anything up to $1 billion, New Jersey is seen as the top prize for online gambling operators looking to cash in on internet gambling. With New Jersey set to launch online gambling on Nov. 26, the bragging rights of the first gaming permit holder go to the Borgata Hotel Casino & Spa who are owned by Boyd Gaming and MGM Resorts.
The state’s Division of Gaming Enforcement granted the licence which is set to be one of many. While Nevada already launched online poker in April with Ultimate Poker being the first legal internet poker option in the U.S., New Jersey holds much more potential. This is due not only to its size but also so the scope and variety of online gambling options that are set to be on offer to players.
Like in Nevada and Delaware one of the requirements for an online gaming licence is the requirement of a partnership with a local established casino. Borgata is one of twelve Atlantic City casinos which are waiting to capitalize on the most lucrative market of all in the U.S.
The Borgata is teaming up with bwin.party for its online gambling offering. A spokesman for bwin.party said,” This is a big step towards the opening of the regulated market for online gaming in New Jersey next month.”
Another major player in the growing U.S. online gambling market is that of Locaid who ensure that customers comply with the requirements of being physically located in the legal jurisdiction they are playing in. CEO of Locaid, Rip Gerber commented on the deal between Borgata and Boyd,” We’re location-enabling Boyd and other applicants there. New Jersey is aggressively moving forward.”