New Jersey State Senate Committee Approves Sports Wagering
10 February 2010
On Monday, the New Jersey State Senate Committee on Government, Wagering, Tourism and Historic Preservation, approved a bill sponsored by Raymond Lesniak, calling for a referendum on sports wagering. The bill passed by a 4 – 0 margin. Can intrastate internet gambling be far behind?
Lesniak, citing figures from the Press of Atlantic City, stated: “legalized sports betting would raise $100 million in new state revenues and generate $500 million for the casinos and racetracks.”
Joe Brennan, Chairman of iMEGA (Interactive Media Entertainment and Gaming Association), stated that he expected legalized intrastate online gaming to be next. He states that there should be much less resistance to internet gambling with the passage of sports betting. Raymond Lesniak has also introduced a bill to allow internet gambling. Sports betting is still not a sure thing in New Jersey yet. It requires a constitutional amendment in order to become legal. Brennan states that it still has a long way to go.
Sports wagering could be on the ballot in New Jersey in November for a public referendum. Another hurdle could be the Senate Budget Committee. Since legalized sports betting would impact the budget, the Budget committee may want to take a look at it. But Brennan doesn’t think they will do that until after the referendum.
In the meantime, Barney Frank (D-MA) has a bill on Capitol Hill which aims to legalize and regulate internet gambling in the United States. The bill now has 65 co-sponsors.
19 October 2010New Jersey Looking at Intrastate Online Gambling
While the federal government is slowing grinding away at regulating online gambling and the courts deciding that regulating online gambling will be left up to individual states to decide, several states have been trying to work something out including Florida, California and New Jersey. New Jersey Governor Chris Christie has come up with two expansions to help save the New Jersey gambling industry and hopefully help bring his state much needed revenue.Read full article
11 November 2010Another Push for NJ Online Gambling
It seems just like in Florida and California as well as some Canadian provinces; New Jersey needs to bring in some money to the state treasury. Also just like these other places they are looking at online gambling to do it. State Senator Ray Lesniak ( D-Union) bill is proposing just that, that the people of New Jersey be allowed to play poker, baccarat, and other classic casino games online.Read full article
16 November 2010New Jersey One Step Close to Online Gambling
On Monday, New Jersey came one step closer to regulating online gambling within the state. State Senator Ray Lesniak’s bill passed the Senate Budget and Appropriations Committee by an overwhelming 10-1 vote and now will become considered by the full Senate. S-490 would allow Atlantic City casinos to offer online versions of their games. The bill is aimed to help support the states horse racing and casino industries who have had trouble making it in these troubled economic times.Read full article