A big part of setting up your own online casino is understanding the laws that govern these institutions. If you aren’t familiar with the law and requirements you have to adhere to, you may be at risk of breaking the law, in which case you may be fined or shut down completely.
You’ll also have to consider whether you want your online casino to be available for punters from around the globe, or if you are going to focus on gamers situated in New Jersey. This will give you an indication of the licenses you have to obtain and the laws you have to abide by.
Launching an online casino can be a daunting process. You have to develop a great platform, offer immersive gaming solutions as well as promotions and awards. Then, you have to obtain all the necessary paperwork and comply with the New Jersey online gambling laws.
Games you offer will have to come from reputable software providers, too. This ensures your games are of the best quality and that they are safe and fair. These providers have their licenses which means you won’t have to deal with that aspect.
As long as your site is licensed and complies with the laws as discussed here, you should be fine. Let’s take a closer look at online gambling laws in New Jersey and how it affects you and your new business.
Online Gambling Legalized in 2013
Even though the process to legalize online betting started in 2010, it was only in 2013 when the Assembly Bill A2578 was successfully passed. Caesars Entertainment was the first company to launch an online casino in New Jersey in 2013.
Types of Gambling Allowed in New Jersey
Being home to Atlantic City, it is only natural that several types of gambling are allowed and legal in the Garden State. Let’s take a look at what they are.
Online gambling and online casinos were legalized in 2013. The only requirement is that the operator owns a land-based casino and that it holds a gambling license.
Land-based casinos have been legal in New Jersey since 1976, with the first casino built in 1978 in Atlantic City.
Bingo, as other gambling activities, is legal in the state of New Jersey. Punters can play Bingo at casinos, Bingo Halls, or online.
Another favorite among New Jersey punters is poker. Thanks to the legalization of online gaming, you can play poker online in any tournament partnered with a New Jersey casino site.
Sports betting is another popular type of wagering that is allowed in New Jersey. At this time, it is, however, illegal to bet on sports online.
Keep in mind that you’ll have to pay for your license as well as other fees including renewal fees. All gaming organizations are regulated by The Division of Gaming Enforcement (DGE). These are important factors to take into account before you plan on launching your online casino.