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New Jersey Senator Wants to “Get In the Pool”

12 August 2017 by Devon Chappell

online gambling casinos
New Jersey Senator Raymond Lesniak wants the Garden State to invite more people to their online poker and online gambling party. Specifically, he announced to reporters that he has authored a bill that will expand New Jersey’s online gaming industry to include any other companies that are located in jurisdictions where online gambling is already legal and regulated, no matter the state or country. Senator Lesniak plans to introduce the bill to the New Jersey senate and hopes it will increase the state’s tax revenues and foster an industry driven by innovation.

Tax revenue from online gambling and from land based casinos has been steadily growing in recent years and the democratic Senator sees the state’s legalization of online gambling in 2013 as a major reason that Atlantic City’s land based casinos have begun to come back to life. Since that time, online gambling has garnered over $600 million in revenue for the state of New Jersey. And this trend seems to be continuing with over $20 million being raked-in within the past four months alone.

In a way, the proposal that Senator Lesniak is introducing is a plan to structure New Jersey’s online gambling industry much like it were an online version of Las Vegas’ land based casino industry. Much in the same way that tourists come from all around the world to gamble at Las Vegas’ glamorous casinos – with Nevada reaping the reward – New Jersey hopes to invite players (from wherever online gambling is legal) to play at their online poker rooms and casinos and help introduce an influx of incoming tax revenue reminiscent of the tourism industry. He explained what he saw as a benefit to the state’s economy and innovation: “Online gaming has helped Atlantic City to revive its casino sector with a success that we can expand in ways that will generate more revenue, create jobs and fuel technological innovation in gaming.”

Lesniak has placed emphasis on the states of Nevada and Delaware. He sees the fact that they have already created a pooled player agreement as the reason why New Jersey’s online poker revenue has taken an 8.4% dip since the year before. Lesniak feels confident that opening up New Jersey to be a part of this existing online poker player pool will enliven the industry and the subsequent revenue for the Garden State.

This would make considerable sense, given that there are many online poker players who would find it attractive to live close to the New York metro area while also being able to access the excellent online poker action located through tournaments hosted by Nevada-based companies. Perhaps if that were the case, New Jersey could even hope to see an increase in income tax from online poker players looking to get out of the desert heat.

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