Online Casino Transfer: News - NJ Stats Startle

06/25/2010		Online Casino Style: News NJ Stats Startle
Home History Games News Dictionary		If American politicians are looking for more evidence that the online egambling industry is alive, well, and popular with their constituents, this week’s report in regards to the proliferation of poker in New Jersey could do well to support pro-internet casino efforts. According to a statement made by Jim Whelan, a Senator himself, and the head of the New Jersey State Senate’s Wagering and Tourism Committee, more than half a million residents in New Jersey already regularly play poker in internet casinos. It’s a staggering statistic, that given numbers to the well-recognized fact that in spite of the Unlawful Internet Gambling Enforcement Act, Americans continue to frequent online casinos, spending millions of dollars in offshore sites that could be taxable if the industry were to be regulated at home. Perhaps because of Whelan’s influence, the bill that would introduce intrastate poker to the New Jersey state has made it one step closer to ratification, passing the Wagering and Tourism Committee and moving on through the system. With so many New Jersey-ans already populating online poker sites, Whelan points out the obvious, that establishing an intrastate system would simply regulate what is already going on, and giving the Atlantic City operators a chance to cash in on some of the action. Doing so would also give the state government access to some much needed funds to balance their own budget difficulties. Whelan’s committee also gave consideration to the fact that establishing such a program would create as many as 2,000 jobs, and if it goes well, would result in as much as $55 million in tax revenue. In terms of allowing Atlantic City to become more competitive, it certainly wouldn’t hurt either.

06/25/2010

Online Casino Style: News
NJ Stats Startle

If American politicians are looking for more evidence that the online egambling industry is alive, well, and popular with their constituents, this week’s report in regards to the proliferation of poker in New Jersey could do well to support pro-internet casino efforts. According to a statement made by Jim Whelan, a Senator himself, and the head of the New Jersey State Senate’s Wagering and Tourism Committee, more than half a million residents in New Jersey already regularly play poker in internet casinos.

It’s a staggering statistic, that given numbers to the well-recognized fact that in spite of the Unlawful Internet Gambling Enforcement Act, Americans continue to frequent online casinos, spending millions of dollars in offshore sites that could be taxable if the industry were to be regulated at home. Perhaps because of Whelan’s influence, the bill that would introduce intrastate poker to the New Jersey state has made it one step closer to ratification, passing the Wagering and Tourism Committee and moving on through the system.

With so many New Jersey-ans already populating online poker sites, Whelan points out the obvious, that establishing an intrastate system would simply regulate what is already going on, and giving the Atlantic City operators a chance to cash in on some of the action. Doing so would also give the state government access to some much needed funds to balance their own budget difficulties. Whelan’s committee also gave consideration to the fact that establishing such a program would create as many as 2,000 jobs, and if it goes well, would result in as much as $55 million in tax revenue. In terms of allowing Atlantic City to become more competitive, it certainly wouldn’t hurt either.