Hacksaw Gaming, an internationally recognized iGaming software developer, has received regulatory approval to operate in the state of New Jersey. The company, which entered the US market last year by receiving a provisional license in West Virginia, thus continues to expand its international reach.
According to the terms of the agreement made, Hacksaw Gaming will be launching its online casino services in NJ in the final month of the fourth quarter, thus finishing the year on a very high note.
This marks the latest in a series of developments for Hacksaw Gaming, whose aggressive expansion tactics have seen them enter new markets and become one of the industry leaders in recent years.
A Growing International Presence for Hacksaw Gaming
Headquartered in Malta, a worldwide hub for iGaming companies, Hacksaw Gaming has made incredible strides since its 2018 launch and has established itself as one of the integral parts of the international iGaming industry.
The company entered the US market in November 2022, when it was granted a provisional license in West Virginia, a move that was further solidified by a partnership with Rush Street Interactive (RSI) in August this year.
Now, the company will be looking to form similar partnerships in the Garden State, as it looks to launch its popular casino games at New Jersey online casinos in the near future.
With two launches in just two years, Hacksaw Gaming will be encouraged to seek further expansion through the US markets, and it is clear that this is not the last news we have seen in regards to this fast-growing iGaming company.
The US is not the only market Hacksaw Gaming is looking at either, as the company entered a partnership with the High Flyer Casino in the Ontario legal casino market just recently, while also announcing a partnership with Eurobet Italy in October this year, demonstrating its desire to cover all international markets.
iGaming on the Uptick in New Jersey
The iGaming industry has been thriving in New Jersey this year, with significant month-to-month and year-over-year growth demonstrated by each vertical.
October 2023 was the best month for NJ iGaming industry since its launch, with a total of $166.8 million in revenues recorded, a number that managed to outperform the state’s land-based slot machines, a big feat considering the value of Atlantic City gaming industry.
However, it was not just October that saw iGaming do well in NJ, as the industry was able to beat the $160 million revenue mark for four months this year and show a year-over-year increase for each month of 2023.
As we get closer to yet another new year, and companies like Hacksaw Gaming continue to enter the market and expand its value, we can expect NJ online gaming to continue thriving and make itself an integral industry for the state as a whole.
