Internet Gambling “Must Happen”, Says Jersey Newspaper
July 7, 2010 (CAP News Wire) – Commenting on the once-promising but now-stalled plan to legalize, regulate, and tax online gambling in New Jersey to help bail out the state’s floundering economy, the South Jersey Courier-Post Online has come out strongly in favor of the idea.
“In 2006 Congress passed the Unlawful Internet Gaming Act to try to stop online gambling. It … has failed,” the paper editorializes. “It’s only a matter of time before the law is no more. Besides being unenforceable, many of the online gaming companies and a bulk of the players actually want online gaming to be regulated by the government to prevent cheating and are fine with online gaming being taxed. They want to be able to trust the websites they use to gamble, and government regulation would build that trust.”
“Imagine, a multibillion-dollar industry welcome to being taxed. How long can Congress possibly resist that lure?”
The paper goes on to urge lawmakers to gather for a planned “gaming summit” to discuss proposals for legalized online gambling in the state. The summit’s fate is uncertain.