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Bill Introduced in New Jersey would Legalize Online Gambling
- 1-18-2010
New Jersey is now on the fast track to become the first state to legally offer online gambling in its casinos, even ahead of California. Lawmakers are set to convene this week to discuss the legalization of online poker and online casinos for New Jersey residents.
This move will allow all licensed New Jersey casinos to legally offer online gambling from within the state. Also, the bill would require that the equipment to be used for online gambling be located within a restricted and secure area of the casino hotel.
“There are probably 500,000 online poker players in New Jersey alone. And we’re missing out on around $100 million in revenue,†said N.J. Sen. Raymond Lesniak, D-Union, the sponsor of the bill.
Lesniak discovered a window of opportunity after Sunday's decision by the federal court of appeals, which knocked down the broad legalization of online gambling. “The court said such activities must be restricted within the borders of a state,†Lesniak said. “We would restrict the games to New Jersey residents. And I believe that would satisfy that ruling.â€Â
Lesniak's proposal comes at a time when casino revenue in New Jersey is down and could provide the state with the much needed tax revenue. Figures show that the state's gaming industry earned $3.9 Billion from bettors in 2009, representing a 13.2% decline from 2008.
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This move will allow all licensed New Jersey casinos to legally offer online gambling from within the state. Also, the bill would require that the equipment to be used for online gambling be located within a restricted and secure area of the casino hotel.
“There are probably 500,000 online poker players in New Jersey alone. And we’re missing out on around $100 million in revenue,†said N.J. Sen. Raymond Lesniak, D-Union, the sponsor of the bill.
Lesniak discovered a window of opportunity after Sunday's decision by the federal court of appeals, which knocked down the broad legalization of online gambling. “The court said such activities must be restricted within the borders of a state,†Lesniak said. “We would restrict the games to New Jersey residents. And I believe that would satisfy that ruling.â€Â
Lesniak's proposal comes at a time when casino revenue in New Jersey is down and could provide the state with the much needed tax revenue. Figures show that the state's gaming industry earned $3.9 Billion from bettors in 2009, representing a 13.2% decline from 2008.
Discuss this article in our forumComments (1)
#1
Joe
Said this on 2-3-2010 At 04:53 am
Looks Like Christies found where he is going to get his money for the states budget! If he is so gun ho on raising revenue from the casinos let him go down to AC and deregulate the casino from the casino control commission, they have been stunting the casino industries growth in AC for far too long!
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