America’s second largest gaming market has lost nearly a third of its market share since 2006 and another 10% decline is expected when the Casino Control Commission releases it 2010 year end reports at 2pm today.
This could be the last year of bleeding for the garden state. It’s been well documented here that NJ is in the middle of changing it’s gambling regulations in an effort to increase the states revenue. The big one is Ray Lesniak’s bill to regulate and tax online poker but there are other bills that will change how you bet in New Jersey.
These measures could be approved today as NJ Governor Chris Christie and his government is expected to vote on a package that includes a number of bills intended to give a boost to the sagging numbers of New Jersey’s Casino and Horse Racing industries.
The five bills, AJR-65, A-3581, A-3517, A-2570, A-3531 will look at ways to reform the current system of regulation, establish a state-run tourism district that will include the 11 casino’s and the boardwalk, permit internet wagers at Atlantic City Casinos and a create a sales tax where the revenues from the tax would be used to provide incentives for racehorses.
If you are interested in listening live to the session, you can copy this URL into your browser window. The session should begin at 1pm EST