New Jersey One Step Closer to Legalized Gambling

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Last week, we reported that English betting site William Hill is in the process of setting up an office in New Jersey in anticipation of legalized gambling there. Now it appears as if they were right to assume that New Jersey will legalize gambling after the Senate Budget Committee has put together a serious bill.
New Jersey Senator Ray Lesniak is the primary force behind this bill since he has been directly involved in creating a plan to legalize casino games, online poker and sports betting across the state. Lesniak predicts that his bill would bring in an extra $350 million in taxable revenue to New Jersey.

In addition to the benefits that legalized gambling offers New Jersey, online poker rooms and casinos such as William Hill are excited about the proposed bill because Jersey is a big market. Nearly 9 million people live in New Jersey, which ranks it as the 11th biggest state in the US; New Jersey would also be the 90th biggest country in the world assuming it was a separate nation.

As part of the proposal, a large portion of the taxable revenue will go towards establishing horse racing in the state of New Jersey. Tom Luchento, president of the Standardbred Breeders & Owners Association of New Jersey, commented on this part of the bill by telling the media, “We want to thank Senator Raymond Lesniak for his sponsorship of (bill) S490, and his leadership in clearing this latest legislative hurdle with one of a series of bills that emerged from the testimony we presented before the senators and assembly members, who participated in this past summer’s gaming summits.”

The fate of New Jersey’s gambling legalization bill should be decided within the next few months, so it should be interesting to see what happens.

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