New Jersey Bill Passes that Allows for State to Become Internet Gambling Hub
Last month, New Jersey Assemblyman John Amodeo told the “World Regulatory Briefing USA focusing on iGaming” conference in Philadelphia that a New Jersey bill could allow the state to establish a central hub for multistate online gaming. On Thursday, that bill passed the Senate State Government, Wagering, Tourism and Historic Preservation Committee.
The bill allows for Internet gaming hardware and software in New Jersey to be located in secured locations within Atlantic City borders as opposed to inside casinos. This in turn would allow New Jersey to sell rights to other states to run their online gaming operations out of the hub. Now that the bill has passed the committee, it will head to the full Senate for consideration. Likewise, an identical bill is lingering in an Assembly committee.
“Right now, a lot of casinos do not have the space required to maintain Internet gaming operations,” Sen. Jim Whelan, D-Atlantic, said. “By relocating the equipment for Internet gambling, we will give them the conditions to develop this activity properly.”
New Jersey is set to begin offering online gambling on Nov. 21 through a trial period. If all goes well, less than a week later, on Nov. 26, New Jersey residents and visitors within state lines will be allowed to participate in full online gaming. Once up and running, interstate compacts are expected to form, which would allow for larger player pools.
“Ultimately, we could see Las Vegas handle everything west of the Mississippi, and Atlantic City could handle everything east of the Mississippi,” Amodeo previously said. “This is that big. It has that kind of potential.”
New Jersey has already awarded several permits including to Borgata Hotel Casino & Spa, Golden Nugget Atlantic City, Trump Taj Mahal Casino Resort, Trump Plaza Hotel Casino, and Tropicana Casino and Resort .
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*Lead photo courtesy of edushyster.com.