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NEW JERSEY - A STEP CLOSER TO INTERNET GAMBLING LEGALISATION
16th November, 2010 at 02:54:00
Legislation setting the stage for legalised online gambling passes state Senate committee
A bill that could bring up to $350 million a year into New Jersey state coffers by legalising internet gambling in the state has advanced further, passing through the Senate Budget Committee Monday.
The bill offers the further advantage of replacing a $30-million annual subsidy currently given by land casinos in Atlantic City to state horse racing facilities on the theory that revenues from legalised online gambling would provide a substitute.
The proposal considers allowing not only home use of the internet for gambling, but also the setting up of internet gambling facilities in land casinos and at racetracks.
Although the proposal has a way to go yet and will be further debated, it will make New Jersey the first state in the USA to legalise online casino games
if it is passed.
One of the prime movers of the bill, Sen. Ray Lesniak (see previous reports) claims that a new and more enlightened approach to internet gambling could bring up to $350 million a year into state coffers through taxation.
North Jersey.com reports that state governor Christie is not philosophically opposed to the bill, but that his attorneys were still reviewing whether it would be legal for the state to proceed.
State Sen. Jeff Van Drew called the amended bill "a good compromise" that could eliminate the horse racing industry's purse woes while also boosting Atlantic City.
Related News Tags: Land Casinos, Atlantic City, New Jersey
BULLISH FORECAST FOR PENNSYLVANIA ONLINE GAMBLING
28th March, 2017 at 19:47:54
Hundreds of millions of dollars in new tax revenue possible with legalisation.
MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)
21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.
NOW WEST VIRGINIA EYES ONLINE GAMBLING LEGALISATION
18th March, 2017 at 06:34:19
New legalisation bill follows earlier challenge to PASPA
REPUBLICANS FILE ANTI-ONLINE GAMBLING BILL IN PENNSYLVANIA
14th March, 2017 at 08:11:41
HB801 has echoes of last year's unsuccessful attempt authored by former Representative (now Senator) Mario Scavello.
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