New Jersey Bill Would Allow Online Poker Play on Sites in Other … –

As a longtime champion of poker interests, New Jersey State Sen. Ray Lesniak introduced bill S3536 in November, which aims to allow New Jersey players to join forces with international operators to combine player pools. This effort to improve tournament experiences for players while providing operators with more liquidity would effectively remove the current New Jersey requirement that gaming servers be physically located in Atlantic City.

New Jersey Sen. Ray Lesniak is retiring in a month, which means he’ll need to act fast if he hopes to pass bill S3536, which seeks to expand online gaming operations overseas. (Image: Politco)

International Affair

The bill, which has been in the works since early August, reiterates the current law that legalizes online gaming in New Jersey, including the history of gambling and its benefits to the state.

However, Sen. Ray Lesniak, who is slated to retire soon after almost 40 years in the state Legislature, has amended it to highlight the importance of international gaming. He writes:

“In the coming years, the global online gambling market is expected to see a compound annual growth rate, and the largest share of online gambling revenue comes from Europe totaling nearly $15 billion a year and growing at a faster rate than the rest of the world.”

In other words, Sen. Ray Lesniak, a long-time proponent of online gaming, believes that in order for New Jersey to stay ahead of the curve and continue to grow, they must expand by overcoming their self-imposed regulations. This despite the fact that New Jersey just set a new annual record for online gambling revenue.

Online gaming analyst Steve Ruddock believes there’s a good chance the bill actually passes “considering its noncontroversial nature and support from the Division of Gaming Enforcement.”

However, for the bill

Read More Here...

This entry was posted in Casino Gambling Stocks News. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.