New Jersey's state Senate received a bill from committee this week that might bring intrastate online casinos to the state's residents. The measure would allow licensed casinos in Atlantic City to function at the Internet, taking bets from customers within state boundaries.While federal prosecutors persist in looking to ban online gambling, New Jersey lawmakers have moved to bypass the UIGEA ban. By keeping both the operators of Internet casinos and the consumers inside state jurisdiction, New Jersey stays away from the problematic federal law.
"This bill will provide an astounding choice of revenues and jobs for the state of NJ for our casinos who're struggling and for reinvestment in Atlantic City," said Senator Ray Lesniak after the vote. Lesniak, who authored the bill, says over a half-million Jersey citizens play at online poker alone, gambling over $150 million a year.
Joe Brennan, Jr., of iMEGA said at the group's website that creating regulation for intrastate online gambling could bring up to $200 million in revenue, together with 1500 technical jobs.
The bill is opposed by the state's horse racing industry, in addition to by casinos in neighboring states, all of whom stand to lose customers if the benefit and convenience of online casinos is made readily available.
Published on June 6, 2010 by MattMiller
Read More... [Source: Gambling Bill News]
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