A bill introduced in the New Jersey State Senate that would allow for the Garden State to license international online betting operators moved forward Monday, as it passed through a Committee Hearing.
The bill was introduced by gambling advocate Senator Ray Lesniak, and would allow for the New Jersey Division of Gaming Enforcement to license and oversee regulation of foreign betting companies within its borders.
All international betting firms would be subject to a 15% tax rate on internet betting revenues.
Commenting on the bill Senator Jim Whelan said, “This gives Atlantic City the opportunity to build and expand on its casino business.”
The bill will now head to the Senate Floor for debate and voting.