Legalizing Internet Gambling Bill for New Jersey
17 January 2010
The State of New Jersey may be joining the squabble over legalizing internet gaming. State Senator Raymond Lesniak has introduced bill S3167, which would make it legal to play and bet on the games of poker, roulette, baccarat, mini baccarat, craps, blackjack, slots, pai gow, red dog, and sic bo. The bill would require that the servers and monitoring offices for the internet gaming companies be located in Atlantic County, New Jersey.
The bill requires the state to protect consumers and would develop standards, software, computers and other gaming equipment to protect the games and the players from tampering, fraud and/or deception. Age requirements for an online account would be 21.
S3167 specifically names poker several times, eliminating the doubts that it would not be legal under this bill.
Internet gaming companies would have to pay a 20% tax paid to the state’s casino revenue fund. In addition, there would be a second tax aimed at aiding horse racing.
The bill will take effect immediately after the Governor signs it into law. A new division, the Division of Internet Wagering, to be created in the New Jersey Casino Control Commission, would watch over operations and licensing. Operators would be required to pay an initial license fee of $200,000 with an annual renewal rate of $100,000.
05 October 2006US Bill on Internet gambling: Morality or Protectionism?
CARIBBEAN NET NEWS Commentary Thursday, October 5, 2006 by Sir Ronald Sanders The value of publicly-traded Internet gaming companies in Britain and their subsidiaries in the Caribbean has been savaged by a Bill adopted in late September by the US Congress making it illegal for banks and credit card companies to make payment to foreign online gambling sites. Over US$7 billion was wiped off the market value of companies that were worth US$12 billion.Read full article
10 October 2006EMPLOYEES OF ONLINE GAMBLING FIRM RELEASED IN WAKE OF NEW LEGISLATION
HAARETZ (www.haaretz.com) By Guy Griml “…IM Intermedia dismissed half of its 100 workers yesterday.” “… firm supplies services for online marketing and data mining for online gaming companies in the United States…” “The company confirmed the report.” “cutbacks are just the first of many expected in the industry after the U.S.Read full article