State of New Jersey to Permit Online Gambling

New JerseyRecently the governor of New Jersey, Chris Christie finally signed the bill allowing intra state online gambling in New Jersey. He had previously refused to sign the bill unless certain changes were made to it including a trial period of ten years to gauge the effect of online gambling on casinos in Atlantic City.
The governor also wanted the state’s tax income from internet gambling to be at 15 percent and not 10 per cent as stated in the original bill. The other area of concern was the amount of money to be devoted to programmes for gambling addiction problems. Now it appears that all of these concerns have been addressed to the governor’s satisfaction and the bill has been signed making New Jersey the third  American state to allow online gambling within its own borders.The other two states to permit online gambling are Nevada and Delaware and as the third state, New Jersey is also the largest to allow internet gambling.
Chris Christie, the governor is hoping that online gambling will make Atlantic City more competitive while also benefiting the state as a whole. Some forecast a major increase in casino revenue within the state from 235 million dollars this tax year to a possible 400 million dollars plus in the 2014 tax year. With the new law, casinos in Atlantic City will be allowed to set up websites and take online bets on casino games including slot machines, poker and blackjack. Players betting on these new sites need to be physically present in the state of New Jersey and this will be verified using technology to locate players.Both New Jersey and Nevada are hoping that their states will become hubs for the regulated online gambling industry in the United States. At the moment the three states where online gambling will be regulated allow this type of gambling within their own borders. However the way could be open to allow states to come to agreements between themselves to have a larger number of players. A smaller state such as Delaware would greatly benefit from such an agreement with other states. At the moment, the new law allows New Jersey to form such agreements.

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