That's when New York began taking online sports bets and instantly seized the nationwide lead in the fast-growing industry. New Jersey had led the nation in terms of sports betting revenue from 2018 through the beginning of this year. Internet gambling 'kept those casinos (afloat) through a very difficult time,' Caputo said.
Even when the casinos reopened later that year, some customers were wary of coming to a casino in person and opted to gamble online. 'It's one of the reasons we still have casinos in New Jersey.'Īssemblyman Ralph Caputo, a former Atlantic City casino executive, noted that online gambling provided a crucial revenue stream for the casinos while they were closed for 3 1/2 months in 2020 during the early days of the pandemic. 'Internet gaming has proven to be an integral part of gaming in New Jersey,' said Assemblyman Don Guardian, a former mayor of Atlantic City. It still requires additional rounds of approval before going to Gov.
(AP) - Mindful that its thriving internet gambling market is one of the brightest spots in New Jersey's uneven gambling landscape, the state's lawmakers are moving to extend authorization for online bets for another 10 years.Ī state Assembly committee held a hearing Thursday to consider extending the law authorizing internet gambling through 2033, and advanced the measure to the next step in the legislative process.
