New Jersey has allowed online crypto casino to go live. Starting Tuesday, November 26, gamblers across New Jersey will be able to place online bets.
The move comes after state regulators approved, Monday, 13 Internet gaming sites that are run by six Atlantic City casinos.
New Jersey holds the distinction of being the third U.S. state to allow online casinos. Officials are hoping that since it is by far the most populous state, the effort will aid in giving a boost to Atlantic City's sagging casino revenues.
If the five-day testing phase is any indication, the demand by nearly 9 million people in New Jersey could be high. Apparently, per the state regulators, the total number of players logging in touched 10,000 in the first three days of the 24-hour testing period.
Moreover, in the course of testing, regulators found "no significant, widespread regulatory problems or technical barriers for going live," per David Rebuck, director of the New Jersey Division of Gaming Enforcement.
During the testing phase, casinos were restricted to 500 players on each site at one time. Moreover, the casinos were not allowed to advertise widely.
Rebuck also revealed that the first test patron logged in from New Brunswick to a site that is operated by Borgata Hotel Casino & Spa on Thursday, November 21, evening. Post that, several hits were received from areas in New Jersey that are close to New York City and Philadelphia.
On November 26 midnight, the restrictions for those who won regulatory approval were lifted.
"You have to be gradual. You have to be cautious. You have to be measured," said Rebuck.
He also let on that the casinos did not wish to invite a huge number of players till they were sure that the systems were capable of handling the traffic.
"You're going to see accelerating efforts by them to be much more aggressive" said Rebuck referring to the marketing.
Additionally, as far as the security is concerned, the casinos use geolocation services to understand if some outsider is trying to hack in online. This type of technology is currently in use in both Delaware and Nevada, which offer some form of online gambling. However, per Rebuck, state regulators in New Jersey called for a "higher standard of operations."
