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 total gaming business”, H2 explained.

As iGaming Business’s exclusive data partner, H2 Gambling Capital has provided a comprehensive scenario for the development of igaming in New Jersey in 2014 and beyond, but also cautioned that “all of the forecasts are dependent on all operators being up and running (six of the seven licensees were given approval to proceed with full real money operations following the five day trial period) and that there are no issues with payments that impact the ability of players to deposit funds on the sites. The latter could be a limiting factor on market size as it is understood that a number of banks and credit cards are currently refusing to permit gaming transactions even with New Jersey licensed”.

More on New Jersey iGaming at iGaming Business