Monday marked a historic day for the internet gambling industry in the United States. A bill introduced by State Senator Raymond Lesniak cleared the New Jersey Assembly by a comfortable 63-11 margin, with three lawmakers abstaining. Recently, it was approved in the New Jersey Senate by a 34-2 vote, or a 17:1 edge. Now, it heads to the desk of Republican Governor Chris Christie.
The bill would create the first intrastate internet gambling framework in the U.S. and clear the way for existing land-based operators like Trump and Harrah’s to offer internet versions of their games, including poker. However, approval from Christie does not seem like a sure-fire bet. A Press of Atlantic City article published Monday night summed up the major arguments for and against its passage: “Supporters say the move would put New Jersey ahead of other states that are moving to grab the online gaming market. But others remained cautious, saying that the state should not put itself in possible violation of Federal law.”
According to the Press, Lesniak’s bill would result in $100 million in new revenue and, perhaps more importantly, create 500 additional jobs for the state, which saw Atlantic City gaming revenues dive by nearly 10% in 2010. New Jersey has come under fire from increased gambling options in neighboring states like Pennsylvania and Delaware. Lesniak’s bill calls for internet gambling revenues to, in part, help fuel horse racing purses for tracks located in the northern part of New Jersey.
Full Story: Intrastate Internet Gambling Bill Passes New Jersey Legislature
