State Sen. Ray Lesniak is a firm believer that New Jersey is now ready to take the next step, by the shaping of the landscape of online gambling.
Sen. Lesniak he intends to introduce a bill that could open the upstate’s casino and poker sites, which means that players from other states and countries will also participate.
New Jersey the online gambling regulatory framework that Sen. Lesniak was an architects of this and now he intends to change the state’s laws taking the market to the next level.
The new bill says that looks to removing a current requirement that the New Jersey’s online gambling operators should have must servers in Atlantic City. This bill could allow all customers from anywhere in the world to be able to play at the New Jersey sites, as long as they they are logging in from jurisdictions where it is legal for online gambling.
The rule with regards to online server location was introduced to make sure that Atlantic City would be the main beneficiary of internet gaming, that’s when it was legalized and regulated by the state durung 2013. However, the requirement, has since then proven to be burdensome, and not in New Jersey’s best interests, Lesniak has told reporters.
Division of Gaming Enforcement Director David Rebuck, when speaking on the Global Gaming Business podcast, has admitted that the talks with UK regulators over the online poker’s liquidity sharing had broken down because the UK operators were not interested in relocating to Atlantic City.
Rebuck are currently exploring deals in order to share player pools with Pennsylvania and Nevada. Currently its shares Nevada players with Delaware, and Pennsylvania is looking towards legalization.
The Online casino gaming, in the meanwhile, is delivering better results than was expected. It has experienced a full nine straight months of revenue growth during 2016 and they reached their highest ever haul during March of this year.
Online casino play boosted state coffers by $83.5 million since introduction, and has indirectly created 3,374 jobs, and resultied in $218.9 million in wages to employees,
Sen. Lesniak is a long-standing champion of online gaming in New Jersey, and he was instrumental in the drawing up of the the initial regulatory framework during 2013. He has the forthcoming bill that would expand the market further and to allow the state to be an international gaming hub.
He said that he has changed his mission from the making of New Jersey as the Silicon Valley of Internet gaming to the mecca of Internet gaming. Sen. Lesniak said that online gaming has helped Atlantic City to revive their casino sector with a success that can expand in ways that will generate greater revenue, create jobs and fuel technological innovation in gaming.
If Lesniak’s bill eventually becomes law, and should the state gets an assist from the US Supreme Court in their effort to legalize sports betting, New Jersey could be the first US jurisdiction to be able to take sports betting online and to challenge global competitors.