New Jersey Eyes International iGaming
New Jersey State Senator Ray Lesniak is introducing a bill that would open New Jersey online gambling sites to players from outside the United States. This intercontinental gambling pact would be the first of its kind in the US and would be a big boost for Garden State operators.
In an interview with EGR Magazine, Lesniak explained that NJ operators who wanted to accept foreign players would pay a $200,000 application fee, along with a $100,000 annual fee for the privilege.
To sweeten the deal, the bill offers operators New Jersey tax credits to help offset any taxes they’d pay in international markets. Lesniak was quick to point out that intercontinental igaming is as much about raising Jersey’s profile as it is about raising revenues saying:
More than a revenue raiser, because of the tax credit it may be revenue neutral, we are putting down the welcome mat to operators, whether located in Gibraltar or the Isle of Man or anywhere. This is just the start. My vision has always been for New Jersey to become a mecca for egaming.
International facing Garden State operators would be limited to countries where gambling is legal for adults over the age of 21.
Lesniak is expected to introduce the bill later this week.
Ok, Nevada and Delaware, it’s your move.