Regulations and security in the online casino market in New Jersey

In 1976, New Jersey voters voted to legalize casino gambling in a referendum. In 1978, the first legal casino, the Resort Casino Hotel, opened, making Atlantic City a gambling center in the 1980s and 1990s. To date, Atlantic City is one of the most prestigious casino-related tourist resorts in the world.

Fast forward to November 2013, and online gambling will be legalized in New Jersey for the next ten years. The state was one of the first to take this revolutionary step, and today the New Jersey online casino market is one of the largest and most profitable in the United States. In total, only in the first four months of 2024 Gambling revenues in New Jersey amounted to $2.06 billion, which means a revenue increase of 14.4% compared to the same period in 2023.

Over the past 10 years, the New Jersey online casino market has thrived. This would not be possible without strict market regulation that guarantees the safety of all parties involved. Below is a summary of the online casino laws in New Jersey.

The regulatory landscape of the online casino market in New Jersey

The New Jersey Division of Gaming Enforcement (DGE) provides the framework for regulating online gambling in the state. This body also licenses casino operators and ensures they meet the rigorous standards set out for security, fairness and responsible gaming protocols.

Become a licensed operator of the New Jersey online casino market

To become a licensed online casino operator in New Jersey, DGE will perform background checks, submit the organization to financial stability assessments, and test software to ensure the integrity of the platform.

The gaming software will be tested to measure its performance against technical standards and to check whether the games operate based on unbiased random number generation. Once a license is granted, the DGE continues to expect online casino operators to commission independent agencies to regularly audit and test the games they offer to ensure they are fair, operate error-free and that the payout percentages are in line with the declared RTP. It’s no wonder that some of the best casinos are listed casinojungle.com are also present in the New Jersey online casino market.

Customer safety in the New Jersey online casino market

To ensure maximum safety for players in the New Jersey online casino market, the regulator requires operators to comply with Know Your Customer (KYC) requirements. This regulation requires online casino operators to have the means to verify and authenticate customers’ identities before they perform any action on the platform, such as making a deposit to play. Additionally, online platforms must have multi-factor authentication best practices in place to ensure the security of data shared by customers and transactions made while using the site.

As the casino market grows and attracts more interested parties, the New Jersey Division of Gaming Enforcement has made regulatory improvements to increase its focus on consumer protection, preventing underage gambling and combating the growing phenomenon of money laundering through online casino platforms .

How to practice safe online gambling

New Jersey is one of the least restrictive states regarding access and interaction in the online casino market. While this works to most gamers’ advantage, it also means that this fun and enjoyable pastime can become addictive and problematic. To ensure safe and responsible gambling habits, it is important to:

• • Set limits: Deciding on your financial and time spending limit at online casinos ensures a healthy gambling involvement. All New Jersey online casinos provide players with tools to manage their gambling habits. You can set daily, weekly and even monthly deposit limits, as well as a loss threshold.

• Seek help: Online casinos in New Jersey understand the potential risks their services may pose to players. That’s why, by working with various organizations, they offer easy access to resources and helplines to support those who have gambling problems. These resources include self-assessment tools to help you determine if your online gambling is a problem, self-exclusion options to give yourself some time to enjoy online casinos, and educational materials that share knowledge about practicing responsible gambling.

Online gambling is entertainment, and New Jersey online casino market stakeholders are committed to keeping it that way. Applicable regulations and security frameworks play a critical role in ensuring the safety and integrity of New Jersey online casinos and the well-being of players. Since legalizing online gambling in 2013, New Jersey has been a pioneer in shaping the market. This is expected to last for the next five years following a proposed bill to extend gambling legalization beyond an initial 10-year period in 2023.