As Casino Guardian has already reported, up to date the UK and the US state of New Jersey are still in the early stages of their negotiations to share liquidity generated from online casino and gaming operations. Currently, both countries feature some of the most regulated gambling markets on a global scale.
Up to date, the global online gambling market is estimated to $37 billion, with an annual growth of nearly 11%.
According to some data provided by the research firm Deloitte that has been previously cited by Casino Guardian, a few years ago, a total of 10% of the overall online casino market in Europe was represented by the UK. In addition, online casino operations have generated more than a 10% growth on a yearly basis.
In addition, the number of unique online casino customers on the territory of the UK was estimated to over two million to date. There are about 18 million online gambling accounts of players originating from the country. The online gamblers in the UK, on the other hand, sustains about one third of the overall number of online casino players in the EU.
With entire population amounting to about 9 million, the online gaming market of the state of New Jersey is expected to be close to $200 million in 2016. In comparison, the last year the state’s online gambling market value was roughly $150.
In 2015, the share of New Jersey of the overall regulated online gambling market in the US was estimated to over 90%. It is expected to increase even more in 2016. So, the eventual deal between the state of New Jersey and UK is considered reasonable primarily due to the maturity of both markets. After full-fledged casinos were first established in Atlantic City in the 1970s, New Jersey became the second state on the territory of the US to offer such entertainment services. Online casinos, on the other hand, were legalised there in 2013.
On the other hand, the UK has been considered as the leader in online gambling services worldwide since it incorporated a favourable gambling legislation in 2007. Since then, casino an gambling popularity has immensely increased among local players and the online gambling industry is also reported to have been growing faster in comparison to any other type of gambling in the country.
Online sports betting operations are also quite popular in the UK. The state of New Jersey, on the other hand, does not feature such operations. Still, there are a few web-based poker platforms that serve in both jurisdictions and provide players with peer-to-peer poker services.
- Author
Daniel Williams
