Legalizing Online Gambling: The Beginning of a Trend

New Jersey became the third state to legalize online gambling, set to begin in late November of 2013. The state legislature voted the bill into law in an effort to increase business revenue within the state as well as a way to generate some tax income for the state. In order to try to draw gamblers to the casino tables, the law requires that gamblers physically go to a casino to register. Another restriction designed to help the state casino industry only allows gambling concerns with physical brick-and-mortar casinos within the state to offer internet gambling.

online-gambling

With the licensing requirement established, the 12 existing Atlantic City casinos are entering into partnerships with online gaming companies. To date, nine of the casinos have announced their partnerships, including Resorts Casino Hotel which has joined with PokerStars and the Borgata Hotel Casino & Spa which has selected Bwin party.

Donald Trump, with Trump Plaza, has not announced a partnership yet, although rumours abound that the business magnate is partnering with Betfair, a British-based gambling concern. Two other casinos have not announced their online partners yet.

Two other states currently offer regulated online gambling: Delaware and Nevada. The move by New Jersey is indicative of a recent trend towards the regulation of internet gambling, as several other states are currently investigating the possibility of instituting similar laws.