Monthly Archives: March 2014

New Jersey actually has Legal Online Gambling Now

Recently, the state of New Jersey approved a law to legalize Internet gambling. The law will allow online betting in any game currently offered by the Atlantic City casinos. New Jersey Gov. Chris Christie signed the bill, in February, after the legislature enacted the amendments that he had requested. The bill was sponsored by Sen. Raymond Lesniak.

Atlantic city offers online gamblingMore specifically, the law establishes a 10 year trial period for approved internet gambling sites. After the first ten years, the state will conduct a review. Additionally, Atlantic City casinos will be required to pay a 15 percent tax on any online winnings. This is an increase from the current 10 percent tax that the Atlantic City casinos Continue reading…