NJ Internet Gambling Seen As Huge Job Creator [AUDIO]
The start date for Internet gambling at casinos in Atlantic City is scheduled for Nov. 26th.
It is expected to generate millions for New Jersey's struggling industry which is great news, but one insider says the thing that really helped make the new law possible is the promise of jobs.
"In the first year alone this could create upwards of 1,900 to 2,000 jobs," says Bill Pascrell III, a lobbyist with Princeton Public Affairs who represents PokerStars. "These are high paying, high tech, high skilled jobs."
The job creation numbers come courtesy of a recent University of Pennsylvania study. Pascrell says he's very excited about the figures. He's confident Atlantic City's casinos and the state will be helped greatly by Internet gaming.
The jobs that will be created immediately will be in Atlantic City says Pascrell, but more jobs are likely to follow throughout the state in the areas of data centers, back-up support and more. He credits Gov. Chris Christie and the bill's sponsors for having the foresight to put New Jersey ahead of the curve and making the state more competitive.
If PokerStars is licensed in the Garden State, Pascrell says the firm has already committed to immediately creating between 50-60 jobs on Nov. 26 and the company is talking about investing $10 million in a poker room at Resorts which would create even more jobs.
"When you add in the tremendous job creation potential, this is a perfect opportunity for New Jersey to become the Internet gaming Mecca of the world," explains Pascrell. "These are real jobs. It's not a bunch of bunk like we've heard so many times with other industries."
Internet gambling will kick off with an invitation-only trial period on Nov. 21. If all goes well, all out Internet gambling will start Nov. 26.