New Jersey Online Gambling Bill Clears Latest Hurdle

New Jersey Online Gambling Bill Clears Latest Hurdle

Friday, 21 December 2012

After passing through the General Assembly on Monday, proposed legislation that would see New Jersey legalise online casino gambling for its residents was overwhelmingly approved by the eastern state’s Senate yesterday afternoon by a vote of 33 to three.

The new proposed legislation will now head to the desk of Governor Chris Christie with the Republican having 45 days to sign the measures into law.

“By allowing casinos to tap into the burgeoning trend of Internet wagering, we can put New Jersey at the forefront of this lucrative gaming market and give our casinos the competitive edge they need in the current economic climate,” read a statement from Democrat New Jersey State Senator Raymond Lesniak, one of the lead sponsors of S1656.

If now signed by Christie, the proposed legislation would authorise casinos in Atlantic City to use servers located in the state to offer New Jersey residents a full portfolio of online gambling while those situated outside could take part long so long as their actions were consistent with federal law.

Lesniak declared that the proposal could see New Jersey’s twelve casinos take in at least $100 million a year from online gambling with the state collecting ten percent of the gross revenues in tax.

There has been no indication from the Governor as to whether he will sign or veto the bill this time round.

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Tags: New Jersey, Chris Christie, Ray Lesniak