Gambling.com Group gets rev-share green light in New Jersey

Gambling.com Group has been granted approval to strike revenue share agreements with egaming operators in New Jersey.

The Malta-registered affiliate firm received the green light to negotiate rev-share deals from the New Jersey Division of Gaming Enforcement (DGE) through its KAX Media America Inc subsidiary.

The approval will allow Gambling.com Group to expand its existing commercial agreements with online sports betting, online casino and online poker operators in the state.

Revenue share can now be negotiated as part of the agreement between the affiliate and egaming operators, in addition to fixed fees and flat fees per referred customer.

Gambling.com Group CEO Charles Gillespie described the announcement as a “major development” and is keen to grow the firm’s market share in America’s “fast-growing” online gaming market.

Charles Gillespie

Gillespie said: “At the present moment there is no online gaming market more interesting than New Jersey.

“The world has been watching the explosive growth in the market since launching sports betting in 2018 and we have been active in the state for over a year.

“This approval allows us to increase our exposure to this lucrative market and our application for an Ancillary CSIE license should be taken as clear statement of intent for our big plans in New Jersey.

“It also demonstrates our commitment to working with New Jersey to make the state the model for licensing and regulating affiliates, as more states come online in 2019 and 2020,” he added.