Published on August 11th, 2017 | by admin0
Online Gambling In Jersey Preparing For Another Big Jump
Known worldwide as the ‘Garden State’, it wouldn’t be wrong to say that New Jersey is one of the most well-known cities in the world. And there’s one thing that’s taking its popularity to another level altogether. We’re talking about the New Jersey online gambling market. Organized online gambling has long since been legalized in the state, and it brought about only satisfaction among the residents, as is evident by the rapid growth of the market in such a short time. If you’re looking for online gambling tips, this state has a lot to offer. The domain of gambling includes not just casino gambling, but a lottery, horse racing, charity gambling and social gambling as well.
New Jersey has been known to have the most open mind with regards to gambling among all the United States. It all started in January 2011 with Senator Raymond Lesniak sponsoring a New Jersey legislature bill which legalized online gambling for New Jersey residents over the age of twenty-one. However, state constitution only allowed casino gambling in Atlantic City, which is why it was stated in the legislation that the computer servers running the gambling websites would be located only at licensed casinos in the state. However, things didn’t go as per the plan. Governor Chris Christie vetoed the bill stating that this would lead to commercial businesses such as cafes and nightclubs becoming gambling hubs. On February 26, 2013, the bill was revised and passed by Chris Christie after it gained massive support from the New Jersey Legislature. Finally, on November 21, 2013, online casinos became functional for business.
Six years later, Senator Lesniak is at it again. Recently, he announced to the press that he is about to introduce a bill which will effectively extend New Jersey’s online gambling borders to other states where gambling activities have been legalized. Since the legalization bill was passed in November 2013, the state’s online casinos have generated more than $600 million in revenue. With this new bill that Lesniak is planning to bring to the Senate, players from other states or countries will be able to join forces with those in New Jersey and reap in some of the profits as well. Online betting tips will legally be exchanged. As per the senator, this bill will be a step towards transforming the Garden State into the “Silicon Valley of internet gambling”. Talking of the USA, Delaware and Nevada will be the only two states which will be eligible as per the legalization terms dictated in the bill. Another important aspect is that if this bill is passed, gambling companies with their origins in other countries will be free to operate in New Jersey, whereas presently state law dictates gambling site servers to be based in Atlantic City.
From struggling to gain legalization to transforming into a million dollars industry, online gambling has come a long way in the state. Apart from boosting the economy, it has also actually been able to bring about a significant positive change in the tourism sector for the state. Judging by all that, it’s safe to say that the industry has proved to be a huge success. Recent times have proven to be rough. By the end of June, the state has earned $12.58 million from online poker, at a massive downfall of 8.4% from last year. While the states of Delaware and Nevada already have laws that allow their players to gamble across the borders, New Jersey needs similar laws to fall into place, now more than ever. If this bill gets passed, the impact it will have on poker and online poker strategy will be huge, boosting the entire gambling industry back into the profitable business category that it initially belonged to.