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New Jersey Online Poker Live November 26

October 29, 2013

New Jersey’s go date for the state’s first ever legal and regulated online poker site is set for November 26, 2013 when it will be open to the public for residents and visitors of the Garden State. The New Jersey’s Division of Gaming Enforcement has officially informed state casinos and all involved parties. An invitation only five-day trial period will commence on November 21st. If all goes well, the standing launch date will see New Jersey make history as they open up the virtual doors of regulated online poker rooms at 9:00 a.m.

Preliminary regulations were drafted in May of this year, and since then have undergone heavy editing and refining, particularly in the areas of player identification, balance management, and security.

New Jersey is one of three states that has passed laws that support a intrastate gambling network, along with Nevada and Delaware.

Online poker alone could stand to generate an annual revenue of anywhere between $40 and $65 million, as well as create jobs. As more states look forward to online gambling as a source of revenue and a means to keep US money on US soil, we may see changes at the federal level as well.

Research shows that the New Jersey players account for 3 percent of the revenue in the United States and about 0.8 percent of global revenue in the world of online poker. With Internet poker being fully regulated and legit in New Jersey, the market is expected to grow even more.

Nevertheless, a lot depends on whether the state will partner with the other jurisdictions for the sake of raising liquidity. Plans are underway to enhance this as more and more states move towards regulations of online poker and other forms of online gambling.

Written by Johnny · Filed Under Poker News 

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