..

Senate Panel Clears Way For Legalized Online Gambling In New Jersey

Written by:
C Costigan
Published on:
Nov/15/2010
New Jersey Online Gambling

The Senate Budget Committee in New Jersey has paved the way for a measure that would ultimately legalize online gambling for state residents.  State Senator Ray Lesniak (D-Union) is behind the bill that would make online poker, sports betting and casino games available to some 8.7 million people from the comfort of their own homes.  New Jersey is the 11th most populous state in the U.S.  If a country, its population would be the 90th largest in the world, ahead of Israel, Denmark, Finland, Norway and Ireland, all of which are lucrative online gambling markets. 

Lesniak has said that full implementation of online gambling would bring an estimated $350 million in annual revenues to the state.

The Internet gambling bill also includes a provision for the racing industry, which is vital to New Jersey’s economy.

A percentage of the amount of tax generated by online gambling will go directly towards the horse racing industry, including augmentation of purses. 

“We want to thank Senator Raymond Lesniak [D-Union] for his sponsorship of S490 and his leadership in clearing this latest legislative hurdle with one of a series of bills that emerged from the testimony we presented before the senators and assembly members who participated in this past summer’s gaming summits,” said Tom Luchento, president of the Standardbred Breeders & Owners Association of New Jersey.

“We feel that the senate leadership, including Senator Lesniak, Senator Paul Sarlo [D-Bergen, Essex & Passaic] and Senate President Stephen Sweeney [D-Salem, Cumberland & Gloucester], heard our concerns and have hammered together a legislative package that will help to generate the funding we need to secure racing’s future in New Jersey.”

- Christopher Costigan, Gambling911.com Publisher 

Gambling News

Where Can I Bet the Jake Paul vs. Ben Askren Fight Online?

Where Can I Bet the Jake Paul vs. Ben Askren Fight Online?

Social media mogul Jake Paul and former UFC fighter Ben Askren are set to fight Saturday night and this one should get plenty of bets.

NFL Inks Sports Bet Deals With Caesars, FanDuel, DraftKings

NFL Inks Sports Bet Deals With Caesars, FanDuel, DraftKings

Once one of the staunchest opponents of allowing people to bet legally on its games, the NFL on Thursday announced deals with three major gambling companies to become official sports betting partners.

Cryptocurrency Use In Africa

For centuries, Africa has been in the shadows of the world and economic growth. As a continent, Africa is home to more than one billion people who are still largely living without basic needs like access to health care, education, and sanitation. As a consequence, the region is in dire need of an economic revolution.

 DraftKings and PGA Tour Team Up for Sports Betting in Arizona

DraftKings and PGA Tour Team Up for Sports Betting in Arizona: Ducey Makes it Official

Arizona Governor Doug Ducey, the grandson of World Wide Tele Sports founder Bill Scott, has officially signed off on the legislation.

No Foreign Born Horses at This Year's Kentucky Derby, Further Uncertainties

No Foreign Born Horses at This Year's Kentucky Derby, Further Uncertainties

Panadol will not be participating in this year's Kentucky Derby.  The UAE Derby runner-up's absense ensures there will be no foreign-born horses in the 2021 race.

Syndicate