According to news reports, New Jersey is moving forward and is on its way to getting online gambling legalized and regulated. The Senate Budget and Appropriations Committee.
Legislation has recently advanced a proposal to allow Atlantic City casinos to offer online gambling services to NJ residents and hopes to have the bill fully instituted by the end of this year.
The Committee passed the bill with a magnanimous vote of 11 to 0 and is seriously looking to advance the proposal. There is an eagerness to beat the other states to the finish line and get New Jersey to be the first US state to legislate online gambling. However, despite this, a handful of senators did express a desire regarding the exclusion of horse race betting from the bill.
Senator Raymond Lesniak is the main sponsor for this online gambling bill and has expressed hopes to get the bill functional by September in the fall. He also indicated that Chris Christie, the Governor of New Jersey, had yet to agree on the bill, and that he had once denied such a bill before.
According to lobbyist Bill Pascrell III, from the Interactive Media Entertainment and Gaming Association, New Jersey stands to become the main centre for online gambling in the entire industry, if the state passes the law first.
“We must be first. We need to create the Silicon Valley of Internet gaming in New Jersey,”
As of now, New Jersey is in a race with Florida, Delaware, California and Nevada to legislate online gambling.