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Huge Money For Atlantic City Internet Gambling
Tuesday April 16,2013 : Big money for Atlantic city Internet Gambling
Land casino owners can look forward to a bonanza from introducing online gambling operations
Atlantic City's land casinos can anticipate gross gambling yield of up to $262 million in the first full year of online gambling legalisation in New Jersey, reports the industry research and consultancy firm GamblingData.
Total GGY will rise to $462 million a year when the market reaches maturity, which GamblingData expects to occur in the fourth year of regulation.
If casinos are permitted to offer online casino games and poker, as expected, GamblingData estimates that online casino will account for between 50 percent and 60 percent of total GGY over a four-year period, with online poker accounting for the balance.
Online casino GGY is expected to ramp up steadily between years one and four. Online poker GGY, by contrast, is predicted to grow explosively in years one and two before cooling down in the subsequent two years.
“The disparate ramp-up rates we expect in online casino GGY and online poker GGY reflect what we’ve seen in data from the Italian online gaming market, which we used to inform our forecasts,” said Daniel Stone, an executive at GamblingData and the report’s lead author.
“While we expect Atlantic City casinos to steadily capture new online casino customers over the first four years of regulation, we believe the casinos will attract new online poker customers mainly in the first two years of regulation.”
A few well-known names are expected to vie for market supremacy. These include Caesars Entertainment and Boyd Gaming, which control leading gaming brands and large player databases, and which will fight for the lion’s share of total GGY.
The GD report notes that New Jersey is in the vanguard of U.S. online gaming regulation, recently becoming the fourth state to legalise online gaming behind Delaware, Nevada and the U.S. Virgin Islands.
“Online gaming regulation has really begun to gain momentum at the state level, and I think we’re approaching the tipping point,” said the report’s co-author, Chris Krafcik.
Ten states are currently considering online gambling in one form or another, and Krafcik predicts that around 11 or 12 individual US states will be thinking about legalisation options by the time 2013 closes, a significant increase on the four that were discussing the possibility a year ago.
The New Jersey Online Gaming Data Forecasting report is the latest release from GamblingData’s forecasting project. It follows on from recent reports on the United Kingdom, Germany, Greece and Sweden.
Gambling News :
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
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PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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