In New Jersey a bill for regulating online gambling, the so-called 'Intra-State Internet Gambling bill', passed both legislative houses and now only needs the signature of Governor Chris Crhistie to become law.
Online Gambling Bill
The Intra-State Internet Gambling bill is known as Bill S3167, and after it passed the lower house Assembly by 63-11 margin, it passed the New Jersey Senate on a 34-2 vote with bipartisan support of Democrat Ray Lesniak and Republican Joe Kryillos.
Brick-and-Mortar Casinos
Effectuation of the Intra-State Internet Gambling bill would - especially given the restriction that it only applies to New Jersey headquartered online casinos - inevitably lead to all major Atlantic City brick-and-mortar casinos starting online branches.
Off-shore Gambling Operators
Although off-shore gambling operators are not allowed to offer games to New Jersey residents, it is legally possible for them to team up with brick-and-mortar casinos. In this way online gambling giants like Microgaming could provide the technology and knowhow for big Atlantic City brick-and-mortar casinos to capitalize on their brand image.
$250m Yearly Revenue
A recent research conducted by the Interactive Media Entertainment and Gaming Association (iMEGA) estimates a potential yearly online casino revenue of $250 million, resulting in a $55 million flow of taxes to the state's Department of Treasury.
Safer Gambling Environment
The regulation of online gambling under the S3167 bill would have some major advantages for the New Jersey citizens, with additional tax revenue, new job opportunities, and a safer online gambling environment just to name a few.
