Vegas Out and New Jersey Set to become Internet Gambling Hub for U.S.: On the day of the 2010 Belmont Stakes, Vegas-Spreads.com has learned that the New Jersey States Wagering and Tourism committee as voted 3 to 1 to approve the Intra-State Internet Gambling Bill. The Intra-State Internet Gambling Bill is now set to be voted upon by the full Sanate. According to the terms of the bill, Casino owners and operators of Atlantic City based casinos will be licensed to offer internet-based online gambling versions of all their games. Casino games include Poker, Blackjack, Baccarat and other land based casino type games. Players would be required to be 21 years old and reside in the state of New Jersey.
“Though we are not across the finish line yet, the committee vote is significant progress,” stated iMEGA chairman Joe Brennan Jr. “We have gotten to this point by making this debate about more than taxes from gaming revenue, which is a bit one-note. Instead, we’ve made a significant case for job creation, capital investment, and the opportunity for New Jersey to become the national and global hub for this industry. And those numbers make this a compelling option for New Jersey legislators to consider.”
According to the state of New Jersey's plans they could potentially replace Las Vegas as the U.S. base for gambling by becoming the hub for internet gambling. New Jersey is expected to see state gross revenues around or above $7 billion annually and could see a potetial of over 50,000 jobs created if the Intra-State Gambling Bill passes the full senate vote.
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