New Jersey introduced legislation that could pave the way for legalization of online gambling in that state earlier this week.

Sponsored by New Jersey state Senator Raymond Lesniak (a Democrat), the legislation would allow “New Jersey residents to place wagers on casino games via the Internet,” according to the Press of Atlantic City.

“All games, including poker, would be offered through Internet wagering, the bill states,” the article adds.

What’s the catch? The bill includes an annual tax of 20 percent (!) of gross revenue from Internet wagering, and the only providers would be Atlantic City casinos. But, as with California’s efforts to regulate Internet poker, this at least represents an effort by some in the U.S. to take steps to legalize online gambling.

One big question hovers over the legislation: Since Atlantic City is the preferred hub for New Yorkers to gamble, how would it sit that Empire State residents are excluded from this new law? Or is there possibly a cross-state plan in the works (although that sort of thing is forbidden in the U.S., thanks to the Wire Act and the UIGEA)? Read the Press of Atlantic City article here.


Related posts: