The New Jersey Senate today took a stand to become the first state in the country to allow internet gambling within the state boundaries. The senate released a bill from committee which would allow Atlantic City casinos to build and operate an intra-state online gambling network, capable of accessing casino run portals for gambling, including poker, blackjack and many other games.
The bill was approved by a 3 to 1 vote margin in the Committee on State Government, Wagering, Tourism and Historic Preservation.
Federal law, at this time, does not allow gambling without a valid casino license. And a casino license can only be obtained in states that have legalized gambling in land based casinos.
New Jersey’s new law would offer online gaming through its Atlantic City casinos, which are already licensed. The play would be regulated to prevent under age and out of state players.
Joe Brennan Jr, chairman of iMEGA (Interactive Entertainment and Gaming Association), stated: “The state would benefit by being a ‘first mover”. He further added: “New Jersey will be able to position itself as the national and potential global capital of the next gaming industry”.
iMEGA estimates that New Jersey could gain from $47 to $55 million in added state revenues, while the casinos could also add between $210 and $250 million dollars more in gross gaming income.