It’s a Definite Maybe the next time for Christie on Web Gambling for brand New Jersey
Saying ‘now is the full time for our state to move forward, again at the forefront for the world, by becoming one regarding the very first states to allow Web gaming,’ New Jersey Gov. Chris Christie ironically again this week vetoed his state’s latest draft of an online gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency dilemmas for companies seeking on line gambling licensure, Christie nevertheless revealed a glimmer of hope for passing of revised versions of the bill to come, possibly 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 huge amount of money in potential income, specially key in a state whose brick-and-mortar casinos took a hit that is heavy year, at least in component due to the ravages of Hurricane Sandy. Additionally impacting brand New Jersey’s ailing land casino marketplace is competition that is hard-hitting gambling-friendly neighboring states like Pennsylvania and New York. Revenues were falling 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 pressed his state’s lawmakers t (more…)