New Jersey Lobbyists Seek to Legalise Online Gambling Again

Published Tuesday, November 09, 2010 -

The recent mid term elections in the USA dashed many online gamblers hopes for a lift in the prohibition on the activity in the States.
But there may still be light at the end of the tunnel for some with the introduction of regulated and legal intrastate regulations in places like New Jersey.

Senators in the Garden State are set to review a bill that proposes the establishment of an intrastate e gaming system and other gambling related measures aimed at keeping the race tracks and casinos producing significant funds to remain viable.
He proposition made to the legislature by Senator Raymond Lesniak last January proposes the Atlantic City casinos offer online versions of their land-based games to state residents, including poker, blackjack and baccarat. This proposal if passed could see the state benefiting  from the 20% of annual gross gaming revenues collected.
The review by the Senate Government, Wagering, Tourism and Historic Preservation Committee has been lobbied heavily for passage to assist what some are calling a crisis for the state’s financial well being.
Lobbyist William Pascrell III  told the newspaper The Record that the state was experiencing a "perfect storm." It is a combination of the recession and reduced attendance at race tracks and casinos. "New Jersey could become a global mecca for Internet gaming," Pascrell added that any regulatory and licensing issues could be in place in a very short time to ease the stress on the industry in New Jersey. 
The Committee will also be considering authorizing exchange betting on horse racing.
The lobby group the Interactive Media Entertainment and Gaming Association studied the possible outcome and concluded passage of the bill could raise up to US$250m in gross gaming revenue and US$55m in taxes on an annual basis.
Other groups contend that national policy should be adopted to regulate the online gambling industry and individual state laws will confuse the issue making the issue more difficult to resolve.






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