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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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