What is iGaming, and why is it important in New Jersey?

iGaming refers to online gambling activities like casino games and sports betting. In New Jersey, iGaming plays a significant role in the economy by generating revenue, creating jobs, and fostering technological innovation.

Does iGaming contribute to New Jersey’s tax revenue?

Yes, iGaming contributes to New Jersey's tax revenue through licensing fees, gaming taxes, and other regulatory fees.

How does iGaming benefit entrepreneurs and startups in New Jersey?

iGaming fosters innovation and entrepreneurship by creating opportunities for tech startups and businesses in related industries like software development and data analytics.

What impact does iGaming have on employment in New Jersey?

iGaming supports job creation across various sectors, including technology, marketing, and customer service, contributing to the state's overall employment rate.

Does iGaming cannibalize revenue from other industries in New Jersey?

Studies show that iGaming revenues complement rather than compete with traditional industries, bolstering overall economic growth and tax contributions.

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Did you know that online casino revenues in New Jersey surpassed $182.3 million in February 2024 alone, marking a nearly 24% year-over-year increase? In my latest article, I work to debunk misconceptions surrounding iGaming in New Jersey and unveil the true economic impact of online gaming. Join me as we explore how iGaming is reshaping the state’s economy, driving innovation, and fostering economic diversification. Click here to uncover the untold story of iGaming’s influence on New Jersey’s economic landscape.

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