New Jersey Internet Gaming Bill Proceeds; U.S. Online Gambling Bill Delays

Running against the calendar is Senate Majority Leader Harry Reid (D-Nevada) trying to find traction for his online poker legalization measure before the end of the present congressional session.  However, the state of New Jersey pushes forward to approve in-state online gaming.  These efforts create a positive progression for US based legalization of online gambling.

New Jersey State Sen. Raymond Lesniak (D), launched the online gambling and sports betting bills related to the state’s horse racing and gambling industries, which were approved by The New Jersey State Assembly Regulatory Oversight and Gaming Committee.  These efforts would legalize online gambling for state residents, and are anticipated to be voted on by the entire Assembly by the close of this year.  If approved by the state’s Governor Chris Christie (R), both pieces of legislation become law before the end of the year.

The New Jersey online gambling bill would not alter the legality of online gambling for most of the United States.  Lesniak announced to the Assembly that both bills would allow New Jersey residents to gamble online.  An earlier amendment to allow international customers to participate has been eliminated.  The bill would lay down a tax rate of 15% on Internet gambling revenue in New Jersey.  Lesniak also stated if legalized, online gambling would generate approximately $250 million in annual gross revenues for the state. He said the action would also create 2,000 new jobs.

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