Confirmed by the Global Gaming Business, the news went viral that Gambling Regulators in New Jersey and The United Kingdom have reached a conjectural agreement to share their respective online gambling websites.
New Jersey Division of Gaming Enforcement, Director David Rebuck enunciated to Global Gaming Business that the principle agreement was only a premier step towards what could be a complicated and excruciating process in the end.
The United Kingdom is one of the oldest regulated online Casino markets in the world. New Jersey has more than 90% of the regulated online gambling market in America. According to the reports released from Garden State Regulators, Online Casinos in the state of New Jersey collectively won a record $17 million from gamblers.
Few weeks back, The New Jersey Division of Gaming Enforcement sent letters to the iGaming platforms of the Online Gaming Operators in New Jersey and the United Kingdom directing them to recommend methods in which a shared liquidity system could work between the two jurisdictions.
Division of Gaming Enforcement, Director David Rebuck was quoted as saying, “With nine million people in New Jersey, and more than 63 million in the United Kingdom, this would mean a massive increase in liquidity for New Jersey operators. Even when you discount children and non-gamblers, it gives us access to a market that is very familiar with online gaming. That number is one-fifth of the total US population. We’d still have to figure out lots of issues: specific regulations, how the tax rate from each jurisdiction would be applied, player ID and geolocation issues, and other things we probably haven’t even considered yet. But you have to start somewhere. We’ve talked to Nevada but the fact we’re limited to one operator makes it a difficult proposition to make to our other operators.”
Just three states in Delaware, Nevada, and New Jersey in the U.S.A. have passed legislation to permit regulated online poker. Two of those states in Nevada and Delaware share liquidity across most of its poker games. Due to the number of Online Gaming Companies operating in each jurisdiction, New Jersey is caustically focussed on The United Kingdom rather than Nevada and Delaware. Delaware and Nevada both utilize the 888poker software platform, while New Jersey regulated gaming operators currently take advantage of three platforms in PokerStars, Party Poker, and 888poker. While Party Poker could become a platform in Nevada, PokerStars is currently prohibited from obtaining a license in the Silver State due to a “bad-actor” clause embedded in the state’s online gaming legislation.
Meanwhile, just about every major online gaming platform has a mark in the United Kingdom, including BetFair Poker, which, in theory, could re-launch online poker if shared liquidity becomes a reality after having shut down in December 2014 owing to its failure to gain traction in the state’s market.
Online Poker Report publisher Chris Grove held that unless New Jersey is willing to be flexible in regards to where servers are maintained, if an agreement is reached it would be likely that players in the United Kingdom would have access to New Jersey sites and not the other way around.
Grove also contemplates that shared liquidity between New Jersey and the United Kingdom isn’t just contiguous stating that, “I would guess that the launch of fully shared liquidity is likely months away, and is unlikely to come before the end of 2016.”
Pennsylvania, California and New York are all considering online casino gaming.
“We’re very serious about this,” says Rebuck, “and we want to move it along as quickly as possible so iGaming in New Jersey will continue the impressive growth we’ve shown over the last 15 months.
We can’t foresee something similar happening between India and other nations in the near future. But will we see something of this sort happening in the flourishing online poker industry of India soon? Only time will tell.