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New Jersey presents Internet Gaming Bill

A recently proposed law in New Jersey could allow state licensed casinos in Atlantic City to offer internet gambling to residents in the State of the rowset. New Jersey House Bill 2570, introduced by Senator Raymond j. Lesniak this month, would allow residents of New Jersey to place bets in Casino games, including Online Poker, via the Internet.

"We are happy that New Jersey took this issue into their own hands," said interactive media entertainment and Gaming Association (iMEGA) Chairman Joe Brennan Jr. "New Jersey is recognized as having the toughest gaming regulators in the United States, but as a State game leader with a long history of doing things the right way, Internet game will have a great home here and the opportunity to begin normalizing industry ".

The law States that Atlantic City casinos must apply for an authorization to establish internet betting, with the license valid for one year and subject to renewal. It is expected that the annual fee for a license internet gambling be at least $ 200000, with the renewal fee to be at least $ 100000 to cover the cost of regulation by the Commission and the Division.

Once on site, game rules shall be implemented for betting on the internet that will be compatible with the rules governing casino. These regulations will include age restrictions, procedures for credit and debit of corruption game controls and resources to help problem gamblers.

New Jersey took the first step to legalize Poker games online in the United States in January. Then Lesniak presented a draft law that called for New Jersey residents vote for a constitutional amendment that would allow regulated by the State sports betting on casinos Atlantic City and State residents through an internal internet gaming system.

New Jersey will become the first State to approve national betting online, it is hoped that other Member States. Iowa, Florida and California have all been considering legislation as a means of correction, state deficits. New Jersey currently faces the worst deficit in the nation, but experts believe that the State could earn hundreds of millions of dollars per year for sports betting and gaming regulator online.

The question of when will pass legislation continues to be for debate. Poker Players Alliance (PPA) executive director John Pappas said CardPlayer magazine, "I think it would be difficult for States to enact national regulation by the end of this year. It is our goal to have something passed at the federal level this year. I think it'll be a race to see who gets there first. "

Congressman Barney Frank (D-MA) continues to be concentrated in a federal solution on Capitol Hill-pilot. Frank added recently co-sponsor 66, representative Charles Wilson a. sixth Congress district of Ohio, as he prepares to enter the phase of markup for the proposed HR 2267. Frank has until June 1 to work the details of the legislation for which the title to be passed.