New Jersey Online Gambling Bill Passes Step Two
10 December 2010
In hopes of reviving the state horse racing industry and boosting the revenues of the Atlantic City casinos, there was almost a dozen bills that legislators voted on that drew bipartisan support Thursday as they are trying to send as many bills to the desk of Governor Christie’s by years end as possible.
The Assembly Regulatory Oversight and Gaming Committee Assembly voted to approve a bill that would make New Jersey the first state to legalize online gambling in the United States. This bill has already passed the state Senate and now can head to a full assembly vote as soon as Monday.
According to State Sen. Ray Lesniak, D-Union,who is the lead supporter of this proposal, the bill will not break the federal restrictions on gambling due to the fact that only New Jersey residents while within the state borders would be allowed to gamble online.
This is slightly different to the original bill that would allow for foreign residents to also gamble. There was an amendment to the original that dropped this provision out of concern that it would complicate the federal government stance with the World Trade Organization.
Initially there will be a 15% tax on internet revenue. This money would be used to supplement declining horse racing purses. According to Lesniak, “This bill would create a bridge to self-sufficiency for the horse racing industry.”
So after years of talking, trying and failing, it seems now there is some sort of race to see who can be the first state to allow online gambling in the U.S. as well as Senator Reid trying to push through a federal bill legalizing online poker.
08 February 2016Bill for Online Poker in New York Gets Traction
The situation with online poker in the United States is extremely tricky. Because the game is unlikely to be regulated on a national level, it's up to the states to regulate things one at a time. New York has been one of the states putting up the most resistance to regulating the industry, but a recent development has put players in a position of being a bit more hopeful than before.Read full article
28 January 2016Russia Could Legalize Internet Poker Games
In the past, Vladimir Putin has expressed an interest in legalizing online poker because of the sport and competition elements of the game. A lot of industry experts assumed it most likely wouldn't actually happen, but they could have been mistaken. Business Insider published an article recently that builds a pretty strong case for Russia being about to legalize the industry instead of carrying on with the current ban. The Importance of RegulationRead full article
06 January 2016Three California Betting Bills for Consideration
The Government Oversight Committee of the California state legislature has put a lot of emphasis and priority on a hearing that's happening on January 6. The point of this hearing is to look at legalizing intrastate online poker along with the same for sports betting and daily fantasy sports. One of the bills is the Internet Fantasy Sports Game Protection Act, and it was introduced back in September. Future of Daily Fantasy SportsRead full article