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New Jersey was the first of five states to debut its own iGaming market back in 2013 and has since been followed by Pennsylvania, Michigan, West Virginia, and Connecticut. At the moment, only those five states have access to legal, regulated online casinos. The New Jersey Division of Gaming Enforcement allows seven authorized casino operators in the city to host a total of 32 online casinos through partnership agreements. The tax rate is 15% of gross gaming revenue plus another 2.5 to 5 percent for alternative investment taxes. Online poker is best when there are lots of games being played by lots of players. But even with the addition of Michigan and New Jersey, these four states don’t quite have enough of a draw to get the average player back in the game.
The amount of cash given per wager is usually very small and often varies with game selection. A casino might offer three comp points for each $10 wagered on slots and one comp point for each $10 wagered on blackjack. This example is equivalent to returning 0.3% of wagers on slots and 0.1% of wagers on blackjack.
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