You snooze you lose. That is what they say anyway and if this mad dash the New Jersey has committed to for the right to be the first state to regulate online gambling does not work, that is what people will be saying to Governor Chris Christie. For the past several few years New Jersey’s gambling industry has been in a state of flux. The change was mostly triggered by the incredibly fast growing Pennsylvania gambling market that swooped in and took a big chunk out of the market that used to belong exclusively to Atlantic City, New Jersey. Now, with the development of online gambling markets all across the country and particularly in the northeast, Atlantic City is finding itself lost in a see of new competition.
Atlantic City has tried a few things to really revive its gambling industry, including cutting of state funding to the failing horse racing industry and pumping more money in the rejuvenation of Atlantic City as a resort town. However, the only thing that can really set its gambling industry apart again is not only being the first to offer online gambling, but somehow managing to give game developers the incentive of making New Jersey the home of the online gambling industry headquarters. Anything shy of that will only give New Jersey the edge for short period of time. Other states are sure to follow. Nevada will certainly not willingly allow another state to take charge of anything to do with gambling if it can help it at all.