Bloomberg – In a victory for fun, liberty and sound fiscal policy, New Jersey will tomorrow let most of its residents gamble online. All Americans should be so (dare we say it?) lucky. New Jersey is the third state, after Delaware and Nevada, to permit online gambling within its borders, and a dozen or so others will consider doing so next year. By 2023, according to a forecast by Bloomberg Industries, annual online gambling revenue could reach $23 billion nationwide. In a just world, it would be legal nationwide, too. Practical problems abound with a state-by-state approach. For one thing,…

With all eyes turned towards New Jersey iGaming as it becomes the first sizeable US state in terms of population figures to regulate real money online gaming products, H2 Gambling Capital has announced that the Garden State’s newly-regulated “igaming market has the potential to generate in the region of US$370m in gross win, which will equate to US$300-315m in net win”. In terms of product verticals, “casino products will generate approximately 63% of the gross win, with the remainder being derived from poker. This will mean that during the year igaming is expected to account for 11-12% of New Jersey’s…

Press of Atlantic City – Convinced that New Jersey’s new online gambling industry can withstand public demand, regulators cleared six Atlantic City casinos to open up Internet wagering to the general public today. As of early Tuesday morning, New Jersey became the third state in the country — joining Nevada and Delaware — to offer online gambling to the public. New Jersey and Delaware now offer a range of casino games, while Nevada offers online poker only. While New Jersey may not be first to enter the realm of online gambling, with a population of 9 million and heavily trafficked…

iGaming Business – Irish bookmaker Paddy Power has revealed to investors that it is on the verge of adding a new ‘cash-out’ option to its online gambling service. According to the Irish Independent newspaper, the cash-out service is one of a number of new technology innovations the bookmaker is planning to launch. The new service would allow customers to cash in on their bet before a sporting event has finished. Betting exchange, casino and sportsbook operator Betfair was the first company to offer a cash-out service, an option that has become very popular amongst its customers. “In November we’ll be…

Miami Herald – Would-be gamblers from at least 23 states tried to log onto casino gambling websites in the first night of New Jersey’s test of online betting. Matt Katz is CEO of CAMS LLC, which provides geolocation technology to the Taj Mahal and Trump Plaza, and age verification technology to the Borgata Hotel Casino & Spa. He told The Associated Press those attempts show why New Jersey’s fledgling Internet gambling industry needs strict safeguards to keep out-of-state residents from gambling online here. New Jersey’s Internet gambling law requires that gamblers be present in the state. But that technology locked…

Star Telegram – Mississippi lawmakers are watching Tuesday’s launch of Internet gambling in New Jersey. House Gaming Committee Chairman Richard Bennett, R-Long Beach, told the Sun Herald (http://bit.ly/1es9f2D) that hearings and discussions on Internet gambling are planned during Mississippi’s 2014 legislative session. However, he predicted no action, saying he’d rather let Nevada, New Jersey and Delaware — the three states where Internet gambling is legal — work things out. “I don’t believe we’re going to have anything come out on it this session,” Bennett said. “It’s just too early right now,” he said. But Bennett said he doesn’t plan to…