New Jersey Launches 17th Licensed iGaming Site
July 24, 2015 5:16 pmThe Mohegan Tribal Gaming Authority may have casino interests in Connecticut, Pennsylvania, and New Jersey but up until now its only online offering was a free play casinos site it launched back in 2013 in preparation for widespread iGaming legalization in the United States. A few years later, and the tribe has finally gone live with a real-money online casino website in New Jersey, with MoheganSunCasino.com having been launched under the online gambling license of Resorts Casino Hotel (photo).
While the Mohegan Tribal Gaming Authority (MTGA) does not own Resorts, it does manage the casino on behalf of property mogul Morris Bailey, with the property already having one online casino up and running since earlier this month. Likewise, the new online casino is run on the same platform as ResortsCasino.com, and offers 140 gambling games including slots, video poker and table games, although there is no poker offering as that will be left to Resorts partner PokerStars when it receives an iGaming license later this year.
There are now 17 online gambling sites operating in New Jersey, whose partners include Borgata, Caesars, Golden Nugget, Tropicana, and now Resorts, leaving just Trump Entertainment as the only casino owner without an online presence of his own. Commenting on the launch of its online casino, MTGA President Bobby Soper, said:
“We are a growing company and the online gaming platform is a progression of where gaming, or at least a segment of gaming, is going. The online gaming opportunity is significant in the United States. While only a $100 million dollar industry within the United States, it is a $40 billion market worldwide, and growing at a pace of almost 30 percent. We want to be in early and take advantage of all the opportunities.”
Nevertheless, the lion’s share of revenues are currently accounted for by online casinos, which continue to rise in popularity, as opposed to poker which in New Jersey has fallen to around just 20% of overall iGaming business. Moreover, last month saw the lowest point in the state’s poker market with revenues dropping to $1.83 million in June.