New Jersey Still Hopeful Online Gambling Will Pass

Published Friday, February 08, 2013 -

Practically every news source on the planet or at least those that write about online gambling has reported on the legalization efforts of internet wagering by the Garden State of New Jersey. On February 7th the governor of that battered state Chris Christie voted on whether online gambling would become legal. The proposal faces massive resistance from sports organizations and the federal Department of Justice who claim the legalization of sports betting would cause a crime wave and encourage corruption.

Atlantic City needs the revenue from an online gambling entity in order to pull out of the slippery slope the area has been on for almost a decade. Hurricane Sandy didn’t help the situation by devastating the state’s infrastructure and causing even more financial strain. Essential Christie has vetoed the proposal with conditions such as a 10-year trial period and a higher tax rate from 8 percent to 10 percent on casino revenues. Specifics of the conditional approval explaining the reasoning behind the ten year limit for online gambling a spokesman for the governor said it gives, “future policymakers the opportunity to revise and renew the law if appropriate.” John Amodeo said he and the other sponsors of the bill will, “accept the governor’s proposed amendments and will work together to get these passed by the Legislature as soon as possible and back onto the governor’s desk for consideration.” Amodeo continued, “It’s a critical piece of legislation for Atlantic City and New Jersey as a whole,”

Ray Lesniak and Jim Whelan who presented the bill commented on Governor Christie’s amended proposal, “simple changes that can be made to tighten up the bill while ensuring that we move forward with what will be a boon for the economy of Atlantic City.” Christie also wants to extend funding of compulsive gambling programs. This sounds more like an endorsement than a veto and most operators regard the move a positive.

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