The Legalisation of Online Casinos in the USA Moves One Step Closer.

Good news for American gamblers as the popular gambling resort of Atlantic City moves closer to the legalisation of online gambling for residents of the state of New Jersey.

Although the recent legislation was only forwarded last week (January 2010) by the New Jersey state Senator Ray Lesniak, the bill is expected to set the precedents for online gambling in the USA in general. Online gambling licences are likely to sanction many online casino games, such as blackjack, poker, roulette, slot machines and craps.

This recent move comes following the much publicised figures released by the New Jersey Casino Control Commission, showing that during the past year, particularly due to the global financial crisis, the area lost a massive $3.9 billion of revenue; this represented a significant drop from 2008- and the lowest overall return in more than a decade. Could the legalisation of online gambling in the USA help the global economy as a whole? Only time can tell.

 If the bill was to be passed by government, then New Jersey regulators would then be allowed to issue one-year licences to any bricks-and-mortar casino in Atlantic City in order for them to host their casino online. The online casinos are likely to be taxed at around 20% of gross gambling revenue and will be paid into the Casino Reserve Fund.

“We’re happy that New Jersey has taken the issue into their own hands,” said Joe Brennan Jr, Interactive Media Entertainment and Gaming Association chairman. “New Jersey is recognised as having the toughest gaming regulations in the US, but as a leading gaming state with a long track record of doing things the right way, internet gambling will have a great home here and can begin normalising the industry.”

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