Thursday June 19,2014 : HEALTHY FUTURE FOR THE NEW JERSEY ONLINE GAMBLING MARKET
Latest H2 Gambling Capital report strikes an optimistic note.
New Jersey politicians concerned over the failure of the state's nascent online gambling market to live up to expectations can take heart from the latest research by the respected industry data provider H2 Gambling Capital, which predicts that the intrastate online market has the legs to achieve $370 million p.a. in revenues over the next three-and-a-half years.
H2 predicts that overall intrastate gambling revenue will top $4.4 billion by 2018, with land casinos contributing almost 70 percent.
But it notes that individual adult spend on New Jersey licensed online gambling sites should grow to high double digits in the coming years, whilst total per head gambling spend for the state industry overall is likely to decline from $313 in 2013 to around $216 by 2018.
The consulting company flags the competitive nature of the unlicensed operators accessing New Jersey and other US states – particularly in the sports betting and casino sector – which has an impact on legitimate operators.