I recently wrote an article for Global Betting & Gaming Consultants regarding legislative action in the State of New Jersey. Last week a General Assembly Committee on Regulatory Oversight and Gaming voted to approve a bill that would permit Atlantic City casinos to offer gaming on the internet. The committee also made a series of interesting amendments to the plan.
The most important amendments would:
- raise the tax on revenues from internet gaming from 10% to 20%,
- remove a $60 million subsidy for the New Jersey Racing Commission, and
- prohibit an organization from offering services to Atlantic City casinos if the organization ever participated in the US market for internet gaming after 2006.
My article explains the amendments and speculates whether they are likely to affect the prospects of enacting an internet gambling law. Click here to see the article from GBGC: New Plan for New Jersey Internet Gaming.