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New Jersey confident of online gaming ruling

TAGs: Senator Raymond Lesniak

Will the coin flip in New Jersey's favour

Will the coin flip in New Jersey's favour

The state of New Jersey has introduced the first intrastate gambling bill in the US, potentially leading the way to the opening of the US egaming market on a state-by-state basis.

The bill’s sponsor Senator Raymond Lesniak argued on Sunday that a recent decision by a federal court of appeals, which knocked down the broad legalization of online gambling, has given New Jersey a window.

Casinos holding permits would pay an initial up-front licensing fee of US$200,000, with the yearly renewal to be at least US$100,000. They would also be required to pay US$100,000 non-refundable deposit and a US$100,000 annual fee to be put towards dealing with compulsive gambling. Read more.

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