New Jersey’s online gambling industry created 1,851 jobs in the state and brought in $52.3m in taxes in 2018, according to a new report from iDEA Growth, the iDevelopment and Economic Association.
Between 2013, when online casino launched in New Jersey, and 2018, the igambling industry brought in $259.3 million in tax and created 6,552 jobs, worth $401.0m in wages, iDEA’s figures suggest
The report also said that regulated online gambling in New Jersey has been a great success for consumer protection by bringing a previously offshore industry onshore from a gray market into a structured environment.
“The results of this report demonstrate the economic, regulatory and consumer safeguard wins that mobile gaming and betting offers a state,” Jeff Ifrah, founder of iDEA Growth, said. “80% of sports betting wagers are already placed on mobile devices or online. When bets are done legally and in the proper regulatory framework, everyone wins.