Wednesday, December 6, 2017

Bill to Allow New Jersey to Enter International Online Gambling Liquidity Agreements

A New Jersey lawmaker introduced in late November a bill that, if passed by the state Legislature, would allow locally licensed iGaming operators to accept international players from countries where online gambling is legal.
In addition, the bill would scrap a previous provision in New Jersey’s existing gambling laws that operators must base their gaming services in Atlantic City in order to be allowed to operate in the state.
Senate Bill 3536 is authored by Sen. Raymond Lesniak, a long-time gambling expansion proponent and an active participant in the process of legalization of online gaming in the state. Word about his intention to propose changes in the existing iGaming regulations first spread in August, when the lawmaker announced that he was working on a bill and that he would introduce it by the end of that month.
However, it was not before late November that the legislative piece was actually introduced. Generally speaking, the bill proposes the amendment of the state’s current gambling regulations that would allow for online gaming equipment to be located outside Atlantic City. The move would pave the way for the creation of international online gaming liquidity.
At present, all the necessary equipment and servers need to be based at a casino in Atlantic City. In addition, players from anywhere outside New Jersey are absolutely prohibited from participating in any form of online gambling activity conducted within the state’s borders.
Sen. Lesniak has expressed optimism that a change in the status quo and a permission for international pooling as well as pooling between states where iGaming is legal would further boost the state’s online gambling sector

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