May 29, 2021

Online Gambling in Atlantic City

For better or for worse, Online Gambling is coming to Nj-new jersey.

In late February, Chelsea Christie technically signed into law a bill that legalized internet gaming in Atlantic City.

Initially the bill was vetoed by the Governor because of แนะนำ NUGGET HUNTERS เกม xo game น่าเล่น issues surrounding visibility and taxes. Lawmakers adjusted the writing and the amended bill passed by an overwhelming majority in the legislature and earned Christie’s stamps.

Here are the basics of the bill:

: Casinos located in Atlantic City will be able to apply for a permission to offer Online Gambling. Only the twelve official Atlantic City casinos will be eligible for the permission. No other organizations can offer internet gaming, and face stiff fees if they do. All facilities used for the operation of internet gaming must be located within city limits; only proposition wagers that are received by a server in Atlantic City will be legal.

: Players must be “physically present” in Nj-new jersey to place gambles. In the future, Nj-new jersey may develop agreements with other states where internet gaming is legal to allow out-of-state gaming. The casino’s equipment must verify players’ locations before accepting gambles.

: Any games available to play in the casinos can be played online. (For comparison, Nevada only allows poker. ) Currently, sports gambling on will not be protected by this bill, although the state of Nj-new jersey is trying to fight the federal statute barring the legalization of sports gambling on.

: The bill has all kinds of specifications to keep gaming addiction at bay, such as requiring the prominent display of the 1-800-GAMBLER hotline number, a way to set maximum proposition wagers and losses over a certain period of time, and tracking player losses to spot and limit users who may demonstrate obsessive gaming behavior.

: Revenue from Online Gambling will carry a 15% tax. The Christie administration states that about $180 million in revenue for the state will be generated from this tax, but some analysts think this number is seriously overestimated.

The official regulations, that your bill required the Division of Gaming Enforcement to produce, were released on Summer 3, and are at the mercy of a “public comment period” until September 2 before being finalized. These rules include details such as how a casino acquires the appropriate entitlements and procedures for maintaining network security on gaming sites.

So, will Online Gambling actually benefit hawaii?

The good

Revenues from Atlantic City casinos have been on the decline for the past seven years, and Online Gambling could be what saves the failing casinos. Since 2006, casino revenue has dropped from $5. 2 billion to around $3 billion. Online Gambling could be a $500 million to $1 billion industry in Nj-new jersey, which may be enough to keep struggling casinos afloat and save jobs in Atlantic City. Further, even though estimates of tax revenue are all over the map, there is potential for Online Gambling to be a considerably valuable source of money for the state. The casinos will also have to pay a tax to the Casino Reinvestment Development Authority, which will provide further assistance to struggling casinos in Atlantic City.

For the player, low expense costs mean better prizes and more opportunities to play. Casinos can incent players with free “chips” that have minimal costs for them but give players more opportunities to play and win. The convenience of gaming online allows players to play more with less travel.

BAD:

One of the goals of the bill is expected to attract more visitors to look at the brick-and-mortar casinos, but it is hard to say if Online Gambling will actually lead to this outcome. You can speculate it could even cause people to go to the casinos less (However, this seems unlikely; the social element and the free drinks are lost in Online Gambling. Also, research indicates that, at least with poker, internet gaming does not reduce casino gaming. ) Advertising for the host casino will be allowed on the Online Gambling sites, which could possibly encourage visitors to look at the casino but is also annoying for players.

Online Gambling could be seriously devastating for many who have gaming addictions, or even cause visitors to develop them, raising financial and moral concerns. Even with all the preventive steps the bill requires, it will definitely be much harder to cut off compulsive players if they can place proposition wagers anywhere with an internet connection.

Regardless, it is going to be a while before the casinos can actually start up their Online Gambling offerings. The regulations need to be finalized and casinos need to apply for licensure and develop their gaming websites. This means the casinos will not be enjoying this new source of revenue during the 2013 summer season, which could be Atlantic City’s toughest season ever following recovery from Hurricane Soft sand.

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