For better or worse, online games come to New Jersey.
In late February, Chris Christie officially entered a bill that legalized internet games in Atlantic City.
Initially, the bill was vetoed by the governor due to issues of openness and taxes. Legislators adjusted the text and the amended bill abandoned with an overwhelming majority in the legislature and earned Christies approval rule.
Here are the basics of the proposition:
Casinos in Atlantic City will be able to apply for a license to offer online games. Only the twelve official Atlantic City casinos will be eligible for the license. No other organizations can offer internet gambling and support fines if they do. All facilities used for the operation of internet gambling must be within the city limits. Only what is received by a server in Atlantic City will be legal.
Players must be physically present in New Jersey to place bets. In the future, New Jersey can develop agreements with other states where internet gambling is legal to allow games outside the state. The casino equipment must verify the players location before accepting bets.
All games available to play at casinos can be played online. (For comparison, Nevada only allows poker.) From now on sports games will not be protected by this bill, although the state of New Jersey is trying to fight the federal statute that prevents the legalization of sports games.
The bill has all kinds of provisions to keep game addiction correct, such as requiring a prominent display of hotline number 1-800 GAMBLER, a way to set maximum bets and losses over a certain amount of time and track players losses to identify and limit users which can show addictive game behavior.
Revenue from online games will have a tax of 15 percent. Christie administration notes that about $ 180 million in revenue for the state will be generated from this tax, but some analysts believe this number is seriously overestimated.
The official regulations that the bill required distribution of spill destruction to produce was released on June 3 and is subject to a public comment period until August 2 before they are finalized. These rules include details like how a casino acquires appropriate licenses and procedures for maintaining network security on gaming sites.
So, does online games actually benefit the state?
The good one
Revenues from Atlantic City casinos have fallen in the past seven years, and online games can be what saves the casinos that fail. Since 2006, casino revenues have fallen from 5.2 billion dollars to about 3 billion dollars. Online games can be a $ 500 million to $ 1 billion industry in New Jersey, which may be enough to continue fighting casinos on sailing and saving jobs in Atlantic City. Furthermore, although estimates of tax revenues are available throughout the map, there is the possibility of online games being a very valuable source of money for the state. Casinos also have to pay a tax to the Casino Reinvestment Development Authority, which will provide additional assistance to fighting casinos in Atlantic City.
For the player, low costs mean better prices and more opportunities to play. Casinos can incite players with free chips that have minimal costs for them, but give players greater opportunities to play and win. The pleasure of playing online allows players to play more with less travel.
One of the goals in the bill is probably to attract more people to visit the brick houses, but its hard to say if online gambling will actually lead to this result. One might speculate that even few people may go to casinos less (However, it seems unlikely that the social element and free drinkers are lost in online games. Even research indicates that at least poker does not play the internet casino games.) Advertising For hosting casinos will be allowed on online gaming sites, which may encourage people to visit the casino but can also be annoying to the players.
Online games can be seriously devastating to people who have gambling addiction, or even for people to develop them, raising economic and moral problems. Even with all the preventive steps required by the bill, it will definitely be much harder to cut off the coercionist if they can place anything with an internet connection.
Regardless, it will take a while before casinos can actually kick off their online games. The rules must be completed and casinos must apply for license and develop their game sites. This means that casinos will not enjoy this new source of income during the 2013 summer season, which may be Atlantic Citys toughest season ever after recovery from Hurricane Sandy.