Online betting on sports and games has helped to offset the loss of earnings experienced by the casinos during the pandemic. But the new ruling helped to provide a new input of gains and profits from online gambling. The outlook for casinos did not look promising. Online sports betting became even more important when New Jersey ordered all land-based casinos closed.
More recently online gambling has stepped up to the plate to help an industry beleaguered by the challenges faced by the Coronavirus pandemic. Record-breaking profits have been recorded since the advent of sports betting, with revenue and taxes growing each year.
This decision opened up a new avenue for gambling, with a valuable boost given to Atlantic City’s racetracks and sports hubs. In 2018, New Jersey legalized online sports betting.
In 2013, online casino play was approved, bringing in a new era for gambling within the state. New Jersey’s gambling laws first came into focus in 1974 when a referendum proposing casino gambling was turned down by a majority of voters.Ī revised version in 1976 was approved, leading to Atlantic City’s first casino opening up for business in May 1978. The city is home to a wealth of casinos and opportunities for betting on games and sport. Atlantic City in New Jersey is known throughout the world as a location where gambling is enjoyed throughout its surroundings.
