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.