12/31/2010

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Lesniak Raises a Pen in Protest - 1


 

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Some hot news is hitting the online gambling community this week as the New Jersey Senator Ray Lesniak is stirring the pot, actively arguing for legalization of internet gambling in his state, if not the whole of the US. His most recent platform for his vehement arguments was that of an article for the Asbury Park Press, a stand on which he took to argue with the existing and discriminatory sports betting laws affecting New Jersey.

The biggest point to deliver was the sheer size and popularity of the online sports betting industry existing in the United States. Current law only allows betting on sporting events in very limited (read: four) states, including Nevada and Delaware, but excluding New Jersey. This puts a huge disadvantage on the city of Atlantic City, arguably the second largest home to land-based casinos, second only to Las Vegas.

The prohibition for not only New Jersey but other states from betting in a regulated system on their favorite sports events does little more than to drive the business either to Vegas or Delaware, or underground to the local bookie who doesn’t care for the law and is “…often hooked up with organized crime.” Lesniak took time to attack the National Football League’s transparent opposition to sports betting, as well, calling them out on their lackluster claims that legalization would result in the corruption of professional sports.

But its not just sports betting, wrote the Senator; similar arguments apply to online gambling as well, which for now is prohibited by the continued existence of the Unlawful Internet Gambling Enforcement Act of 2006. "New Jersey has 500,000 registered online poker players. Who's profiting from their gambling? Offshore operations. Foreign companies and foreign countries. Sound stupid? You bet it is (pun intended)," he penned.

to be continued in Lesniak Raises a Pen in Protest - 2
 

 

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