New Jersey's Online Gambling Bill Gets Praises
14 January 2011
The advocate group Safe and Secure Internet Gambling Initiative issue a press release in which it applauds the state of New Jersey for its recent approval of intrastate online gambling. Though it has passed the both legislative branches in the state it still has one more hurdle before it becomes law, the Governor Christie has to sign it. The governor has yet to speak publically about where he stands on the issue so is strong opinion on both sides whether he will sign the S 490 bill or not.
Most are positive that it will get signed and many online gambling advocates that are giving praise to New Jersey. The executive director of the group Michael Waxman said in the press release:
We applaud the New Jersey legislature for adopting legislation to regulate and control Internet gambling activity, creating a common-sense framework for protecting consumers, creating jobs and stimulating the state’s economy.
This vote is a positive step by creating a licensed and regulated online gambling environment with appropriate consumer protections for New Jersey residents – a much better approach than the failed attempts led by the federal government to prohibit the activity. New Jersey will also be poised to capture new, much-needed revenue from the activity.
While it is encouraging to have a common-sense effort to regulate Internet gambling activity emanating from New Jersey, one of the leading land-based regulatory jurisdictions in the world, an all encompassing federal regime is the optimum solution for controlling the activity and protecting every American.
Once the bill becomes law, New Jersey will be at the forefront of efforts to regulate Internet gambling activity in the U.S. and will be setting an example for how regulation can work. We hope other elected leaders at the federal and state levels take notice and follow suit.