The Regulations Are Ready To Be Published

11 May 2013 – By Huseyin Yilmaz

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New Jersey has become more interesting than Nevada when it comes to online casino gambling in the United States. The reason why, is that New Jersey has included casino gambling in its purview while Nevada is legalizing only online poker. Already, the Division of Gaming Enforcement has managed to create a preliminary draft of the proposed online gambling regulations and has been circulated to a restricted list. On June 3 the final draft is due for publication for public comment and analyst believe online gambling is set to go live in New Jersey in December 2013. The regulatory authority will specify a date on which casinos can start taking online bets at least 45 days in advance.

Internet gambling regulations have been developed for all casino games proving that New Jersey is in the forefront of casino gaming. The Division of Gaming Enforcement studied the prevalent gambling regulations in other online gambling jurisdictions, including Nevada, Alderney, France, Spain, Italy and Denmark, and adopted the best practices from those. Also, the regulatory authority reviewed the practices recommended by the National Council on Problem Gambling and the standards set by the USA Federal Reserve.

Online casino enthusiasts interested in the regulations can read the 77-page draft on the web site of the New Jersey government. The online gambling regulations in New Jersey include important areas like the verification of the age of applicant online casino players, ensuring that they are putting in place measures against problem gambling and that they are within the state borders. One of the most important measures proposed refers to an initial deposit limit of $2,500. The system will not let the player make any further bets when he reaches this limit. After the player acknowledges having reached the $2,500 threshold he will have to set daily limits on his wagering or will have to close his account. In order to take advantage of combined player liquidity and make online poker more viable, the proposed regulations allow for compacts with other states where intrastate online gambling has been legalized. After a 60-day comment period, the regulators have to release the final regulations.

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