The global iGaming market continues to represent big business, with the industry having grown to achieve a cumulative value of $$66.72 billion at the end of 2020.
NJ is a key driver of growth in the burgeoning North American market, and you can garner some information on the best New Jersey gambling sites from here.
But what are the key factors that can help you to identify the best New Jersey gambling sites? Here are some metrics to keep in mind!
#1. Real-Time Promotions and Welcome Offers
Welcome bonuses have become increasingly prominent and lucrative in the modern age, especially as New Jersey’s iGaming market has become increasingly competitive and brands have had to make do with a diminishing share of a growing market.
The scope of these offers certainly make them key metrics for players when comparing the market, as they translate into “free” gameplay and can help to enrich an already enjoyable experience.
Most welcome offers take the form of a 100% deposit match up to a predetermined value, while a growing number of brands are now looking to incentivise the first three deposits of each newly registered player.
For example, BetMGM is currently offering a welcome package worth up to $1000, with various deposit matches spread across your first three deposits. This is also augmented with 25 free spins, which is another tool used by operators to entice players and encourage them to initially credit their accounts.
Remember, slots account for around two-thirds of the total iGaming GGY in NJ, while this vertical remains incredibly popular amongst casual players.
Another key consideration when appraising welcome offers is the wagering requirements in play, as these will dictate an amount of cash that you’ll have to pay through before making a withdrawal. These are usually expressed as a multiplier of the value of the bonus, while they vary from one operator to another.
For example, let’s say that two casinos are offering a 100% deposit match up to the value of $100, with one running wagering requirements of 20x the bonus and another 50x. If you then credit your account with $10 and receive a further $10 with which you play, you’ll have to play through $200 to unlock your winnings at the first casino.
However, this value more than doubles to $500 at the second casino, so it’s important to review the T&Cs associated with each bonus before making a final decision.
#2. What Games are On Offer?
It’s fair to surmise that online casinos also differ in terms of their individual game’s library, whether you consider individual titles or the representation of separate verticals.
This is therefore an important metric when comparing different casino platforms, and there are two main reasons for this. Firstly, you’ll need to identify a casino where you can play your favourite games and verticals, whether you’re a slots enthusiast or a table game lover.
Secondly, you should note that each online casino game has a different house edge, with this also indicative of its average return-to-player (RTP) rate and overall variance.
The RTP rate is calculated as a percentage, while it describes the average amount you can expect to recoup for every £1 wagered. For example, a certified slot game may have an RTP rate of 97% meaning that you can expect to earn around £0.97 per £1 stake.
You can also calculate the prevailing house edge using a game’s RTP, simply by subtracting this number from a value of 100%. In this case, you’ll subtract a 97 from 100 to create a house edge of 3%, which is significantly higher than most blackjack variants by lower than American roulette.
Ultimately, blackjack is an excellent choice of game from a financial perspective, as some iterations have a house edge that’s lower than 1% and allow the use of skill and strategy to improve your chances of winning in real-time.
#3. What Payment Options are Available?
On a final note, it’s also worth appraising each online casino’s available payment methods before committing your hard-earned cash.
For example, some operators offer a larger range of options than others from Visa debit and PayPal to e-wallets like Neteller and Skrill.
This can afford flexibility and convenience to players, but we’d recommend prioritising platforms that are inherently secure and provide payment methods that best suit your finances.
You should also tread carefully when depositing your account for the first time and attempting to qualify for a relevant welcome offer. This is because some welcome offers exclude payment options like Neteller and Skrill, making deposits through these channels ineligible to receive the bonus.
You should also consider the site’s average deposit and withdrawal times across different payment methods, as some casinos are considerably slower than others at processing transactions.