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New Jersey Politician Attempts To Internationalize New Jersey Online Betting

New Jersey State Senator and online gambling advocate Raymond Lesniak has introduced a bill to the state Legislature that would make it legal for the Garden State to regulate online gambling services to international players.

The goal of the bill would be to make New Jersey would become somewhat of an online gambling hub that offers services to operators all throughout the world with New Jersey acting as a regulator like Alderney, Gibraltar, or Malta. Operators granted a gaming license by New Jersey would not be allowed to offer betting services to Americans, save for those in New Jersey itself. Additionally, all gaming servers would be required to be located within the Garden State.

The bill would assure that casino operators would abide by the state's gambling laws and generate tax revenues for the state, as Lesniak's bill would place a 15% tax on gaming revenues as well as a 2.5% contribution to the Casino Reinvestment Development Authority.

Additional tax credits could be put into place and used by the operators to lower their tax burdens.

The licensing and regulation of the betting would cover both internet casino and poker games, although sportsbetting could potentially be added if the US Supreme Court overturns a law that prohibits the activity in New Jersey.

Casino Listings will update this story as further developments arise.

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