New Jersey Regulators: 37 Online Gaming Applications Received So Far
31 August 2013
The New Jersey Division of Gaming Enforcement said it has received a total of 34 new applications for Internet gambling licenses by Monday’s deadline. This is in addition to the three companies that were previously licensed by the state. While we aren’t able to list the names of all 37 applicants (until we can grab them from the list of active vendors on the DGE’s website), we do know that the companies who applied must have an interest in providing software, marketing, telecommunications or other services in the realm of online gambling.
Which, of course, doesn’t narrow the field of guesses down much if at all.
And just because the July 29th deadline has come and gone doesn’t mean the NJDGE is done accepting applications. “We see this as the first round of filings, and we expect that more applications will be filed as the start of Internet gaming moves closer,” said David Rebuck, the division director in a statement. The “start of Internet gaming” in New Jersey–at least as of the date of this post– is officially November 26th.
It bears repeating the there are high expectations for the New Jersey online gambling market, as we’ve said in previous posts. Andrew Zarnett, a Deutsche Bank Securities analyst, recently upped his projected annual estimate from $50 million per year to $275 million annually, stating that the “quantity and caliber” of the casino-software partnerships entering the playing field is particularly “robust”.