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New Jersey Legalizes Online Gambling

Posted by Soulskill on from the because-ruining-your-life-should-be-as-easy-as-clicking-a-button dept.

schwit1 writes "New Jersey Gov. Chris Christie signed a bill Tuesday legalizing Internet gambling. While the bill only allows Atlantic City casino companies to take online bets, the WSJ believes that those casinos will partner with overseas companies that provide services for online gambling, potentially opening up a bigger market. Furthermore, the bill (PDF) will allow bettors from other states to gamble online, so long as regulators determine that the activity isn't prohibited by any federal or state laws. They included setting a 10-year trial period for online betting, and raising the taxes on the Atlantic City casinos' online winnings from 10 to 15 percent. New Jersey became the third state in the nation to legalize gambling over the Internet. Nevada and Delaware have passed laws legalizing Internet betting, which also is going on offshore, untaxed and unregulated."

3 of 62 comments (clear)

  1. remember sim city? by crutchy · · Score: 4, Informative

    in sim city (i think 2000 or something) enacting the "legalize gambling" ordinance was usually a sign that you were running out of money

    1. Re:remember sim city? by Chrisq · · Score: 4, Informative

      It ain't gambling unless the odds of winning or losing and equal

      From the point of view of the UK gambling commission your definition is completely the wrong way round. Things like workplace sweepstakes and lotteries can be run without registering as gambling as long asall the money collected is paid out in prises, i.e. the organiser cannot make a profit.

  2. Re:I always thought online gambling was dumb... by Bigby · · Score: 3, Informative

    I agree. However, online gambling with Atlantic City will fall under a gaming regulation organization. That doesn't mean it will be a fair, as in free from fraud. But at least there are measures and penalties with teeth if there is fraud. There is a major disincentive for an Atlantic City casino to not monitor their own online gambling applications.

    That said, I would never gamble online outside of results that are determined outside the computer...like sports betting. In a casino, I never gamble with machines. Even then, I am subject to potential fraud. But in Atlantic City and Las Vegas, I am not worried about fraud on table games. The game is in their favor and with the penalties of try to make it MORE in their favor are just not worth it to them.