New Jersey Online Casino's, oh boy!

[P.V.]

It looks like New Jersey might be the first U.S. state to legalize online casino gambling. It also appears that the bill should be up for a full senate vote in the near future.

If this passes watch many states follow suit, MO. Looks that there might be new hope for U.S. players after all, well maybe, time will tell.

Should be fun watching this unfold in N.J..

http://www.openmarket.org/2010/11/16...in-new-jersey/


You can also Google the bill: S490

Mr. Max - I intended to post this in the online casino industry discussions below, If possible can you please move my post. TY

[Luckylizzy]

I am remaining optimistic about this bill going all the way. If it does, all the other US states will see how regulated online gambling would be a mutual benefit for both the government's precious funding and the players it will hopefully protect.

[Glunn11]

The bill PASSED.

http://www.casinocitytimes.com/news/...ng-bill-195636

The New Jersey Senate voted 29-5 Monday to allow Atlantic City casino operators to offer online gambling to New Jersey residents.

The bill was amended to allow residents of other countries to wager on the Atlantic City sites. People living in other U.S. states would not be allowed to play on the sites.

The amended bill also includes a 15 percent tax on gross gaming revenue.

...

It's a start.

[same_old]

Hmm, so one of them will come on board and test the waters i dare say and if all looks good watch the other follow suit.

[jetset]

Definitely promising progress, but S490 now has to go to the House for more action.

If New Jersey gets this done, and carries that through to next year with its sports betting poll among state citizens, I think this will further weaken the US's already rocky position in the WTO dispute.

But it will also set the pace for other forward looking states like Iowa, California and Florida.

[Luckylizzy]

The author of the bill, Sen, Raymond Lesniak is very optimistic about this bill passing quickly even saying, "It's going to be presented to the Governor and I don't think he's going to have any option but to sign it before the end of the year."

This sounds might promising!!

[BingoT]

Here is what I saw from the Associated Press

NJ lawmakers pass smaller casinos bill; Senate OKs Internet betting

Smaller casinos and Internet betting were closer to reality in New Jersey Monday as lawmakers moved to create big changes in the way people can gamble in Atlantic City and beyond.

Sports betting could be on the horizon, and the state is moving toward asserting more control over the nation's second-largest gambling market to try and revive its sagging fortunes.
Both houses of the legislature approved a bill that would allow a casino to open with as few as 200 hotel rooms, down from the current 500-room minimum, and about a tenth of the 2,000 rooms that the city's most successful casinos offer.

The bill also provides for a second new casino to initially open with 200 rooms, and expand to 500 rooms within five years. The Seminole tribe of Florida, through its Hard Rock franchise, plans to build such a casino on the Atlantic City Boardwalk if the bill becomes law.

The measure now goes to Gov. Chris Christie. A spokesman did not immediately return a request for comment.
http://abcnews.go.com/Business/wireStory?id=12214185
By WAYNE PARRY Associated Press

[P.V.]

It appears the N.J. full assembly will vote Monday the 13th to approve online gambling and then it goes to Gov. Christie for his signature. I honestly don't see a problem.

Looks like N.J. is going to be the first state to legalize online gambling! I like this procedure much better than the Reid poker bill, states should control their own gambling laws and not the Feds. It's always been done that way.

New Jersey's gambling bill includes all online casino games and not just poker. Sure it's for New Jersey residents and overseas customers but I can assure you many states will follow suite.

2011 should be an interesting year for online gaming.

Article link: http://www.vendingtimes.com/ME2/dirm...CC0AC2EAB0D4DE

[Simmo!]

I like this procedure much better than the Reid poker bill, states should control their own gambling laws and not the Feds. It's always been done that way.

According to articles I've read, the Reid Poker Bill has other considerations. It seeks to make all other forms of online gambling other than online poker illegal plus it aims to strengthen the UIGEA. Not good if that's true and (I'd guess) might actually have an adverse affect on the NJ Bill if it goes through.

[jetset]

I believe the Lesniak Bill has been slightly diluted in that it no longer permits foreign gamblers on New Jersey sites.

Nevertheless, it sets the pace for other states, and the progress has been impressive.

Gov. Christie has 45 days to sign the bill into law if it is passed by the Assembly.

Regarding the Reid bill, I wouldn't think Congress would want to push it's luck too far in interfering with states' rights - that is very sensitive ground. What Reid says now, and what is eventually decided, might be two different things.