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Forming Bill Anyhow

The development of a New Jersey online casino gambling industry has been met with a whole lot of controversy in the state because the New Jersey government is quite keen on launching an intrastate internet gambling industry run through the land gambling venues, but the land gambling venues are, incredibly, protesting the changes. Although it seems like a win-win situation for the New Jersey government and the Atlantic City land casinos that have been struggling because of the recession and drops in land based destination gambling, the Atlantic City gambling groups feel like a full and developed New Jersey internet gambling industry will undermine the current gambling infrastructure in the state.

The land gambling venues have spoken out strongly against the online casino gambling legislation that is in the process and in development, but the government is continuing full steam ahead regardless of the complaints. The point of view from the land gambling companies is interesting, but could be unfounded because the New Jersey politicians are very clearly writing the legislation so that the new online casinos are forced to operate through the land based venues – thus infusing these companies with more revenue. And the argument about the internet gambling sites taking away business from the land casinos is also discounted by the fact that New Jersey gamblers are *already* gambling through the internet but the state and the New Jersey gambling groups are simply not receiving a cut of the revenue.

Online casinos are prevalent throughout the US despite the fact that they are illegal. Nearly every single US state has rampant internet gambling action occurring but because there is no legislation and regulation in place these gambling funds are easily leaving the state and the country. New Jersey is currently in the process of ensuring that the fast majority of the funds are no longer directly going offshore, but rather through New Jersey companies so that taxes can be collected on the revenue.