The Bill Will Be Voted In A Few Days

15 June 2012 – By Linda Jefferson

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Online gambling bill in the state of New Jersey has moved within the final step. The bill is headed to assembly vote and after this step New Jersey will become the second state in the United States to regulate online gambling. In order to make this move, the bill will be passed through the House Budget and Appropriations Committee in a few days. This new legislation will allow New Jersey residents to enjoy from the comfort of their own homes the popular games that made Atlantic City one of the top gaming destinations in the world. Lawmakers hope that through this law they will help bring business back to Atlantic City casinos that due to the economic recession have struggled to stay in business.

Analysts say that everything is online these days and New Jersey’s gaming industry should be no different and should take advantage of the revenue options it offers. The legislative measures would prohibit bars and restaurants from hosting Internet gambling sites but casinos in Atlantic City can operate online casinos. New Jersey’s governor informed lawmakers that there must be no competition from outside sources such as bars and restaurants if they want the gaming industry in this state to rebound.

The online gambling bill from New Jersey has been sponsored by many politicians. Senator Raymond Lesniak has supported both online gambling and sports betting in New Jersey. After approving a sports betting measure late last year, voters have convinced lawmakers to work towards crafting sports gambling regulations. Before it passes, the sports betting initiative will have to first clear a federal legal battle, as sports betting is illegal due to a federal law created in 1992. Both the governor of New Jersey and senator Lesniak have said that they intent to legally challenge the sports betting laws in the United States. The first state in the US that passed online gambling regulatory laws is Nevada. Currently Nevada regulators are in the process of accepting applications for Internet gaming licenses from any online casino operators that meets the requirements. The accepting process is expected to be completed later this fall and after that online casino fans can benefit from this exciting pastime.

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