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Online Poker Regulation Passes New Jersey Senate - PartTimePoker News

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A bill that would allow New Jersey residents to play a variety of casino games, including poker, online, was voted up by the State Senate this week.

The bill, S-490, would permit Atlantic City casinos to establish online versions of their gaming operations open to anyone living in New Jersey or outside of the United States.

Read the full text of the bill here.

The measure passed the New Jersey Senate by a vote of 29-5.

The bill now moves on to the State Assembly, where a smooth passage is predicted by analysts.

Less certain is the bill’s fate should it pass through the Assembly and end up on the desk of Gov Christie, who has yet to publicly confirm his support for the initiative.

Making it tough for Christie to say no are the tens of millions in revenue the bill is expected to generate via the 20% slice of all revenue the State would be entitled to. The high end of the windfall for the State is estimated at $50 million a year.

Further pressure on Christie is likely to come from at least some corners of Jersey’s casino industry, which has been hit by massive drops in live gaming revenue over the last few years.

While not many stories have focused on the bill’s inclusion of non-US bettors, it’s a critical element that could both ensure the success of Jersey’s initiative and also force the issue of global regulation of online gambling.

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Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHpg584d6_xoCtAKqsCK8dYtu4KbQ&url=http://www.parttimepoker.com/online-poker-regulation-passes-new-jersey-senate

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