N.J. Could be the First to Legalize Online betting in the United States

In the United States there are many contradictions in regard to the idea of regulated online betting. The United States has many venues to bet, such as the world class Las Vegas and of course the well known Atlantic City casinos, and in many states online betting on the horses and lotteries is common. N.J., the host of much betting activity may be the first state of the union to offer legal online betting to it’s residents.

A sports wagering legistlation is being considered by Atlantic City lawmakers that if approved could result in N.J. being on the leading edge of changes coming rapidly in the country. Competition is strong with Pennsylvania and California currently planning their own forms of legalization of online betting within their respective borders.

Which state will offer legal casino betting favorites such as poker, blackjack betting, slots or roulette betting, is anybody’s guess at the moment with each state waiting to see what the other does and how they do it.

Reasoning behind the proposed legistlation is that the law does not reflect the reality that exists now. According to statistical data there are currently 500,000 online poker betting fans in the state of N.J.. State Senator Raymond Lesniak says, “we’re missing out on around $100 million in revenue”. Adding, “It would be a big boost to the casino industry in Atlantic City. It’s a bold move, and in this economy we need bold moves.” With an estimated annual tax bite of twenty percent on the gross revenues from online casinos that would add significant revenue for cash strapped jurisdictions. There are the usual concerns that online betting in N.J. will lead to more problem betrs but there are those who think that once regulated it would be easier to help those with troubles. The N.J. Casino Control Commission said it would open a new online division to oversee licensing and operations for the new operators

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