..

New Jersey Internet Gambling Bill Passes Through Assembly

Written by:
C Costigan
Published on:
Jan/10/2011
New Jersey Internet Gambling Bill Passes Through Assembly

A bill that would legalize Internet gambling in New Jersey passed through the state assembly late Monday evening with 63 in favor and 11 against.  The next and final step is to have Governor Chris Christie sign the legislation into law.  This could happen any day.  Christie has voiced little objection to the bill outside of suggesting it was not a top priority. 

But for New Jersey, legalized Internet gambling could bring in significant funding to a state in deep economic straits.

State Senator Raymond Lesniak has championed the bill and hopes for a day when New Jersey becomes the “Silicon Valley of Internet Gambling”.

He claims the new industry would result in potential revenue of $205 million to $472 million and 21,746 to 57,085 jobs.

Legislation I have introduced, S-490, to authorize internet gaming from servers located in Atlantic City needs to get moving now,'' Lesniak said. ‘It will produce more revenue for reinvestment in Atlantic City, much needed revenue for the state, keep our valuable racing industry alive, and create thousands of jobs for our residents.

"Who could possibly be against this?'' Lesniak added. "The casino industry, that's who! Why? Because it's lobbying for federal legislation which will prevent New Jersey from getting any revenues from Internet gaming. What a tragedy it will be if we let them fleece the people of the state of New Jersey and sell out Atlantic City, the Meadowlands, Monmouth Racetrack and our horse farms in the process.''

The legislation, if signed into law, would allow for around 8 million state residents to play poker, casino games and bet on sports from their personal computers and hand held devices.

- Christopher Costigan, Gambling911.com Publisher

Gambling News

Give Your Sportsbook a Big Casino Boost With Price Per Head

Give Your Sportsbook a Big Casino Boost With Price Per Head

With sports betting on pause for a few weeks or even months, depending on how well things evolve in this coronavirus crisis, sportsbooks from all over the world have turned their focus and efforts to the next obvious product in stock, the casino.

Time to Get to Know and Bet on Esports

Time to Get to Know and Bet on Esports

To many, Esports might sound like something new that sportsbooks are offering now that all the major sports leagues have been suspended, due to the Covid-19 crisis that’s affecting the whole planet. However, electronic sports are not new at all, bookies have been offering these markets for years now, and audiences for these games are counted by millions.

Crackdown on Noncompliants Online Gambling Affiliates

Crackdown on Noncompliant Online Gambling Affiliates, Betway Boots UK Affiliates

Marketing compliance expert Rightlander released a new ‘Fast Track’ incentive monitoring study following the Spanish government's order to restrict the promotion of games of chance and online gaming on all advertisement chains.  The country took this action as all of its citizens are required to remain indoors during the current coronavirus pandemic.

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

“Russian ping-pong has stolen the show,” said Nick Bogdanovich of the William Hill betting chain. “You can’t even find it streaming anywhere to watch, but people are betting on it.”

Gambling and Sports Betting News April 6, 2020: NJ Casinos Losing $540 Mil a Day, Tribal Casinos Could Go Under

Atlantic City is virtually a wasteland that is costing the state $540 million in casino-related revenues every month while they remain locked down amid the deadly pandemic while a number of Tribal casinos are not likely to survive an extended shutdown beyond June.

Syndicate