New Jersey currently has the largest online gambling market in the United States. They offer a wealth of online casino sites, online poker rooms and sports betting. The state continues to see record revenues each and every month and are showing no signs of slowing down. Even as new operators begin offering services, the state still continues to thrive, with no issues with oversaturation. Just this week, we learned that the state is about to have access to even more gaming content. Playtech just announced they have been approved to offer their casino products in the state.
As one of the largest online gambling suppliers in the world, it is not surprising to see the brand want to enter the New Jersey iGaming market. The company announced on Monday that the New Jersey Division of Gaming Enforcement (DGE) approved the company and provided a transactional waiver so that Playtech can provide their products to gaming operator bet365.
Mor Weizer, the CEO of Playtech, said this is a major milestone. The company is delighted to have met the regulatory requirements the DGE has in place and will be launching in New Jersey via bet365. The two companies already work together in other jurisdictions involving casino and poker gaming.
Playtech expects to launch in the state with more operators in the future. They have plans to start the licensing process in other areas of the United States as well.
Follow Up with More Products
As Playtech begins to offer online casino products in New Jersey, they have big plans for United States gaming. They company wants to launch other products in the state, including a platform, live dealer games and sports betting.
Weizer stated further that Playtech sees this as the first step in the US and they are excited about the long-term opportunity that awaits. The company has waited a long time to be approved for their first US license. They first began talking about the process back in August of 2018.
Playtech is no stranger to the online gambling world and has a strong reputation as a quality provider. They have partnerships with operators who work in the US already, via other means. This includes Paddy Power Betfair, GVC, 888 and PokerStars.
The company will certainly provide quality content to online gambling sites and should be readily accepted by players. The new games will be a big hit among those who frequent online casinos sites in New Jersey.
Playtech looks to launch in New Jersey at a perfect time. The online gambling industry of the state has always been successful but over the past few months has seen even more success. Due to the coronavirus outbreak, players are staying at home much more than before. With online gambling available, players are logging on in record numbers to play casino and poker games.
With no live sports to wager on, those who would normally place sports bets are now looking to online casino games for their entertainment needs. This has also led to an increase in betting at online casino sites.
For Playtech, they are entering an already busy market. Players are sure to log on to bet365 and take advantage of the new games, especially since people are still trying to social distance as the virus continues to be a problem.
We shall see in the coming weeks if the new offering is launched and just what it entails. The new addition is sure to boost monthly revenue totals for New Jersey even higher!