New Jersey Allows Online Gambling in Revised Bill
February 27, 2013 5:00 PM
comment(s) - last by
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
This article is over a month old, voting and posting comments is disabled
What atlantic city needs
2/28/2013 3:22:29 PM
Atlantic City needs to have the harbor turned into a cruise ship terminal. AC needs to have the steady influx of passengers arriving and departing. The US could vastly enhance its east/west coast cruises if we did away with the Passenger Vessel Services Act of 1886. The forbids foreign flagged ships for stopping at consecutive US ports. Next AC needs to have a monorail to move people from the cruise ships, AC airport,convention center and the casinos. Bader field now vacant needs to have a novel form of entertainment complex added. I would like to see a virtual stadium placed there. By virtual stadium, I mean a super massive, high definition screen capable of broadcasting sports from all over the world. This would be a place that could cater to business men and if the monorail took you to it you would wouldn't have to DUI back to your hotel. We need AC to succeed as it is the last place in where lower skilled/educated workers can earn a living wage.
"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer
Nevada State Legislature Legalizes Online Poker
February 22, 2013, 9:13 AM
Facebook CEO Called President Barack Obama to Complain About NSA Spying
March 14, 2014, 1:40 PM
Quick Note: Google Drive 100GB, 1TB Plans See Major Price Cuts
March 13, 2014, 2:45 PM
Target Missed Early Warning Signs of Holiday Data Breach
March 13, 2014, 1:45 PM
Amazon Increases Prime Subscription to $99/year Starting March 19
March 13, 2014, 8:23 AM
Bitcoin King's American Accounts Get Frozen
March 13, 2014, 3:00 AM
Time Warner Cable CEO Says Merger with Comcast is a "Dream Combination", Will Increase Innovation
March 12, 2014, 2:37 PM
Most Popular Articles
Bitcoin King Pt. II: Mt. Gox's Dictator Karpelès Proves Tragically Flawed
March 7, 2014, 1:12 PM
Hack Reveals Fallen Bitcoin CEO's Posh Tokyo Penthouse
March 10, 2014, 4:28 PM
Tesla Motors Calls New Jersey Out on New Rule Against Its Direct Sales Model
March 11, 2014, 12:01 PM
NASA Considering SpaceX "Red Dragon" for Returning Mars Samples to Earth
March 10, 2014, 2:43 PM
India Could Rock Google With Its Biggest Antitrust Fine Yet -- $5B USD
March 10, 2014, 8:12 PM
Latest Blog Posts
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information