New Jersey Allows Online Gambling in Revised Bill
February 27, 2013 5:00 PM
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This plan aims to offer an Internet option to traditional gambling methods in an effort to stay competitive
New Jersey’s state Legislature approved changes to an
bill, which is expected to help struggling casinos in Atlantic City stay afloat.
The legislation – A2578 – requires that online bets be made only in the state of New Jersey. It would limit licenses to casinos in Atlantic City and force the companies to keep most of the equipment on site.
It passed the Assembly today by a vote of 68-5 and the state Senate by a vote of 35-1. Gov. Chris Christie recommended the changes to a previous gambling bill, which previously said that “any effort to expand casino gambling outside of Atlantic City must be supported by referendum.” However, Christie changed his mind and said Internet gambling is OK as long as there were economic benefits and low risk of addiction or improper influence.
A few other changes that come with the bill include an extension of existing prohibitions on casino employment for state workers and other conflicts of interest; increasing funds for programs that treat compulsive gambling; requiring elected state officials to communicate current and former connections to those looking to obtain online gambling licenses; collecting more taxes than previously proposed (15 percent of online gambling revenues as opposed to the previously proposed 10 percent), and expiring this law after a decade for review.
This plan aims to offer an Internet option to traditional gambling methods in an effort to stay competitive. A slow economy and competition from other states has hurt some Atlantic City casinos, where two may now be saved from closing (thanks to online gambling).
Just last week, the
state of Nevada legalized online poker
. Both houses of the legislature voted unanimously to pass Assembly Bill 114, which is expected to increase the customer base for the state's casinos (meaning plenty of cash).
Both houses of the legislature voted unanimously to pass Assembly Bill 114, and the bill is expected to expand the customer base for Nevada casinos and should bring in a huge influx of cash. - See more at: http://www.dailytech.com/Nevada+State+Legislature+Legalizes+Online+Poker/article29970.htm#sthash.SMkSu9lj.dpuf
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Governor Chris Christie says internet gambling is OK..
2/28/2013 10:15:32 AM
as long as there are economic benefits and low risk of addiction
Well, a great big 'DUH' to the first part of that statement. How could there NOT be economic benefits for whoever runs a gambling establishment? I'd love to own a business where people hand me a dollar bill and I give them 80¢ change back. I could do that all day long.
But how did they come to the conclusion that there will be a low risk of addiction? They already have to provide funds to support addiction counseling for people who actually get off their butts and physically go a casino. How in the world are they going to handle people who will now be able to gamble right from within their own homes?
But as long as New Jersey and Nevada get a new source of greenbacks, I guess that makes it all OK to their governors and legislators. Anything for more money.
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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