Will New Jersey be the First State to Approve Intrastate Online Poker?

by Lou on June 10, 2010

New Jersey FlagA few days ago New Jersey state senators released a bill from committee on a 3-to1 vote, allowing casinos to build online websites for poker, blackjack, and other games.
 
If the bill is enacted into law, New Jersey will be the first state to allow full Internet gaming within its borders.
 
During committee hearings, legislators were told that allowing Atlantic City brick-and-mortar casino operators to create online sites would provide at least $200 million in revenue to the state while creating an estimated 1,500 high-tech jobs.
 
Opponents, mainly from the beleaguered horse racing industry—which is already allowed to operate online wagering—said that the horse racing industry would be hit hard if forced to compete with online wagering.
 
The bill’s sponsor, Democratic Senator Ray Lesniak, said that federal law has given New Jersey a window to try an intrastate approach to developing an online-gaming business model.
 
Representatives of the Interactive Media Entertainment and Gaming Association, which supports the proposal, and the bill’s sponsor, Democratic Senator Ray Lesniak, said the bill could bring between $210 million and $250 million in annual gross gaming yield to casinos and between $47 million and $55 million in new state revenues. Still greater revenues could be created if New Jersey is successful in attracting Internet gaming companies to headquarter in the state.

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