Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today.


Online gamblingGovernor Chris Christie (R-N.J.) today signed a bill into law that legalizes online gambling, making his state the third in the country to do so, according to The Wall Street Journal.

The new law allows Atlantic City casinos to run websites that offer betting on games like poker, blackjack, and slots; however, only players physically in New Jersey can gamble on these sites. Industry regulators will reportedly track their locations.

The news is no doubt of interest to the social casino gaming market, which is now generating over a billion dollars a year in revenue from in-game currency sales. The market doubled in size in 2011, according to research firm SuperData, generating an estimated $1.6 billion in revenue. SuperData expects that figure to increase to $2.5 billion by 2015.

Currently, Nevada and Delaware are the only other states in the U.S. that allow online gambling. If it becomes more widespread, it could give game publishers another source of revenue.

Event

GamesBeat Summit Next 2022

Join gaming leaders live this October 25-26 in San Francisco to examine the next big opportunities within the gaming industry.

Register Here

The WSJ says that data service H2 Gambling Capital estimates online gambling in the Garden State will generate revenue of $410 million in the first year.

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.