It is a Definite Maybe Next Time for Christie on Web Gambling for New Jersey
Saying ‘now is the time for our state to go forward, again leading the way for the nation, by becoming one for the very first states to permit Web gaming,’ brand New Jersey Gov. Chris Christie ironically again this week vetoed his state’s draft that is latest of A web gambling statute. Citing concerns over gambling tax income rates being set too low, as well as over transparency dilemmas for companies online that is seeking gambling, Christie nonetheless revealed a glimmer of hope for passing of revised versions of the bill to come, possibly as early as March.
Both State Sen. Raymond Lesniak and State Assemblyman John Amodeo were encouraged by Christie’s wording in vetoing the bill, noting that ‘the governor’s concerns can easily be addressed’ with a newly worded measure.
At risk are vast amounts in potential income, especially key in a state whose brick-and-mortar casinos took a heavy hit last 12 months, at least in part as a result of the ravages of Hurricane Sandy. Also impacting brand New Jersey’s ailing land casino marketplace is hard-hitting competition from gambling-friendly neighboring states like Pennsylvania and nyc. Revenues were dropping steadily since 2006, and hit a low of just over $3 billion year that is last a 2006 total of $5.2 billion.
Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly pressed his state’s lawmakers to accept a bill that would let (more…)