Monday, June 7, 2010
Legal online casino gambling is comming to New Jersey
4:08 AM | 
Posted by
coolvision
Full legalization of United States online casino gambling could be reaching New Jersey as soon as this fall, thanks to the passage of the law in the state senate on Thursday. The state senate’s Committee on State Government, Wagering, Tourism and Historic Preservation signed on the plan, which would define the regulations for Atlantic City casinos to build online sites for poker, blackjack and other casino games.
The bill looks likely to receive approval from the governor, which would make New Jersey the first U.S. state to fully legalize online gaming under conventions of current American casino gambling laws. American law currently provides for intrastate casino gambling if properly regulated. California legislators are currently considering such a bill for their state as well, particularly if in the form of an intrastate poker network, which would make it the first place to legally play poker online in the USA.
Those backing the bill have claimed online gambling could make as much as $250 million per year for New Jersey casinos and potentially create over 1,500 jobs. At a tax rate of 20 percent, the Interactive Media Entertainment and Gaming Association (iMEGA) calculates a $47 million and $55 million influx of revenue for the state.
The bill was sponsored by Sen. Ray Lesniak and proposed a business model in which extant licensed casino gambling premises such as Atlantic City’s casinos would choose whether to pay $200,000 for online gaming licensing from the state. Activities of the New Jersey-based online casinos would be regulated by the same commission currently overseeing bricks-and-mortar casinos.
stated iMEGA chairman Joe Brennan, Jr., “New Jersey will be able to position itself as the national and potential global capital of the next gaming industry.”
The bill looks likely to receive approval from the governor, which would make New Jersey the first U.S. state to fully legalize online gaming under conventions of current American casino gambling laws. American law currently provides for intrastate casino gambling if properly regulated. California legislators are currently considering such a bill for their state as well, particularly if in the form of an intrastate poker network, which would make it the first place to legally play poker online in the USA.
Those backing the bill have claimed online gambling could make as much as $250 million per year for New Jersey casinos and potentially create over 1,500 jobs. At a tax rate of 20 percent, the Interactive Media Entertainment and Gaming Association (iMEGA) calculates a $47 million and $55 million influx of revenue for the state.
The bill was sponsored by Sen. Ray Lesniak and proposed a business model in which extant licensed casino gambling premises such as Atlantic City’s casinos would choose whether to pay $200,000 for online gaming licensing from the state. Activities of the New Jersey-based online casinos would be regulated by the same commission currently overseeing bricks-and-mortar casinos.
stated iMEGA chairman Joe Brennan, Jr., “New Jersey will be able to position itself as the national and potential global capital of the next gaming industry.”
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