It’s a Definite Maybe Next Time for Christie on online Gambling for New Jersey
Saying ‘now is the time for our state to maneuver forward, again in the lead for the country, by becoming one of the very first states to allow Internet gaming,’ brand New Jersey Gov. Chris Christie ironically once more this week vetoed his state’s draft that is latest of A web gambling statute. Citing concerns over gambling tax income rates being set too low, as well as over transparency problems for companies seeking online gambling licensure, Christie nevertheless revealed a glimmer of hope for passing of revised variations of the bill to come, perhaps as early as March.
Both State Sen. Raymond Lesniak and State Assemblyman John Amodeo were encouraged by Christie’s wording in vetoing the bill, noting that ‘the governor’s concerns can easily be addressed’ with a newly worded measure.
At risk are millions of dollars in potential income, particularly key in a state whose brick-and-mortar casinos took a hit that is heavy year, at minimum in component because of the ravages of Hurricane Sandy. Additionally impacting New Jersey’s ailing land casino marketplace is hard-hitting competition from gambling-friendly neighboring states like Pennsylvania and New York. Revenues have now been dropping steadily since 2006, and hit a low of just over $3 billion this past year from a 2006 total of $5.2 billion.
Perhaps smelling blood from the veto action, Nevada Gov. Brian Sandoval quickly squeezed his state’s Read more