Contact Us
Make My Homepage

Internet Gaming Initiative Announced in NJ


Looking to make Internet gaming in New Jersey more profitable, state Sen. Ray Lesniak (D-Union) announced a plan earlier today that he hopes will put New Jersey at the hub of an international gaming industry.

Online Gambling Sites
Online Gambling Sites (Bruno Vincent, Getty Images)

The proposal would authorize the Division of Gaming Enforcement to provide licenses to companies that offer Internet gaming to other countries where it is legal, allowing overseas customers, including casinos, to place bets on casino games via the Internet. It would only apply to foreign countries and regulatory agreements would have to be implemented between New Jersey and the foreign jurisdiction.

The payoff would be a 15 percent tax on their winnings, plus payments into a fund to raise $20 million a year for three years for New Jersey’s struggling horse racing industry.

“This is the next step toward my goal of making New Jersey the Silicon Valley of Internet gaming,” said Lesniak. “It’s a multi-billion dollar market and it also provides many, many, many jobs, hi-tech jobs.”

In addition to job creation, Lesniak explained that his initiative would help attract international gaming companies to New Jersey, producing state revenue and economic expansion.

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.