• New Jersey Online Gambling Bill Passes Step Two

    10 December 2010

    Newspaper

    In hopes of reviving the state horse racing industry and boosting the revenues of the Atlantic City casinos, there was almost a dozen bills that legislators voted on that drew bipartisan support Thursday as they are trying to send as many bills to the desk of Governor Christie’s by years end as possible.

    The Assembly Regulatory Oversight and Gaming Committee Assembly voted to approve a bill that would make New Jersey the first state to legalize online gambling in the United States. This bill has already passed the state Senate and now can head to a full assembly vote as soon as Monday.

    According to State Sen. Ray Lesniak, D-Union,who is the lead supporter of this proposal, the bill will not break the federal restrictions on gambling due to the fact that only New Jersey residents while within the state borders would be allowed to gamble online.

    This is slightly different to the original bill that would allow for foreign residents to also gamble. There was an amendment to the original that dropped this provision out of concern that it would complicate the federal government stance with the World Trade Organization.

    Initially there will be a 15% tax on internet revenue. This money would be used to supplement declining horse racing purses. According to Lesniak, “This bill would create a bridge to self-sufficiency for the horse racing industry.”

    So after years of talking, trying and failing, it seems now there is some sort of race to see who can be the first state to allow online gambling in the U.S. as well as Senator Reid trying to push through a federal bill legalizing online poker.

    Related News

    • Blueprint gaming adds to its portfolio another branded title goonies return

      Gambling News

      Blueprint Gaming Adds to its Portfolio Another Branded Title – Goonies ReturnIvan Stefanovic19 October 2021

      Blueprint Gaming brings a sequel to its 2018 release called Goonies Return. This game provides a similar playstyle, improved design, and several exciting features that are built on the original idea and allow fans of slot machines to enjoy this title again. This title will be a trademark based on an 80s movie, directed by Spielberg. Betting Options and Bonus Features Like in the original title, the action takes place on 5 reels, 3 rows, and 20 active paylines.

      Read full article
    • Yggdrasil to supply betway with its premium offering

      Gambling News

      Yggdrasil to Supply Betway with Premium OfferingIvan Stefanovic15 September 2021

      Yggdrasil intends to significantly expand access to its gaming library through a collaboration with well-known online casino and sports betting provider, Betway. According to the agreement, the supplier will provide its portfolio to the operator across various regulated markets, including the United Kingdom, Germany, which recently opened the market to licensed online casinos.

      Read full article
    • What are the online gambling trends for

      Gambling News

      The Future of iGaming- Top Trends Shaping Online Gambling IndustryAleksandra Zolotic06 September 2021

      As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously. Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.

      Read full article