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In a move to boost online casino revenue, the NJ Division of Gaming Enforcement (DGE) is now taking applications from casino operators seeking skill-based provisions. This new decision comes even with less regulative standards (relatively speaking), while the processing of applications is to be done faster in order to meet the needs that the DGE is conveying in order to get the ball rolling. New Jersey regulators and operators alike have sought ways to integrate new advancements in gaming technology into the regulated market.
The massive popularity of online skill-based casino games calls for demand. Meeting this demand, the DGE is clearly willing to get in on the action more sooner than later. Skill-based casino games – wherein players are able to be engaged and socialize with one another – have become very popular. And it’s the software companies that should be thanked for the new technology-oriented generation of online gambling fans who are looking to wager more because the games are the most realistic they’ve ever been.
The new announcement coming from the DGE is of particular interest in the fact New Jersey regulators will be better prepared to process new skill based gambling online applications, thus ensuring operators faster results when seeking a license of this kind.
Currently in New Jersey, skill games fall under a New Jersey statute – that if approved – would permit casinos to launch their new platform games within two weeks. This is an impressive detail and one of great interest to entice current online casinos in the state to provide games with better odds. This speed of approval will make the state of New Jersey the absolute fastest processing of its kind in the US to market online gaming platforms of skill.
In essence, this new development is a ringing dinner bell for all online casinos to come forward with new skill based offerings for players, knowing the state will eagerly work with them.
While this is a great way to increase internet gambling revenue in New Jersey (perhaps a way to boost lagging income from less than impressive results in the nearly one year since gambling online became regulated in New Jersey), this type of enticement and speedy licensure for skill based games will be met with some resistance, as online casinos are typically more in favor of launching games with less favorable odds. However, new technology making skill based games very attractive to consumers demands results. The timing here is good.
Non real money wagering games are also part of the reason as to why casino games of skill with real money have become so popular. The social component of skill based games that are not being wagered with real money (yet), like Candy Crush and Words With Friends, is very helpful to the rise of online casinos providing more skill based. New Jersey seems to be responding to the trend of skill based popularity quickly. Other markets in the US should, too.
Applications are now being accepted. As such, games of skill could be launching at various New Jersey online casinos by early November.