NJ Online Gambling Sites: The Road To Legalization In New Jersey
On February 26, 2013, New Jersey Governor Chris Christie signed the bill A2578, the first piece of online gambling legislation to legalize online poker and casino sites in New Jersey, into law. Widely supported by both the House of Representatives and the Senate, the bill passed the Senate 35-1 and the Assembly 68-5.
It took the Division of Gaming Enforcement, New Jersey’s gaming regulatory body months to finalize the regulations and ended up launching the first test period on November 21, 2013. This was a 5-day test period for online casinos to launch and make sure all the components tied to the regulations were working. Online gambling action officially launched on November 26, 2013, just 9 months after the bill was originally signed by Governor Christie.
The new law dictated that only the Atlantic City casino owners were allowed to apply for online gaming licenses in New Jersey. The land-based casinos that were eligible for licenses were Caesars, Harrah’s, Resorts, Tropicana, Golden Nugget and the Borgata. You can see a full list of all the online casino sites available in New Jersey at https://www.bonusseeker.com/. Each land-based casino was allotted 5 skins that are able to launch under their umbrella. These skins include the likes of SugarHouse Casino Online, one of New Jersey’s top rated online casinos.
The tax rate for New Jersey online gambling revenue is set at a rate of 15 percent of gross gaming revenue. While not as high as the new Pennsylvania online slot tax rate of 54%, this is nearly double the land based tax rate on Atlantic City brick & mortar casinos, which is set at 8 percent. Casinos are also required to reinvest an additional 1.25% of their Internet gaming revenue in to capital investment projects to create job in an effort to boost the economy in Atlantic City.
The laws of the New Jersey Constitution require that all gaming servers for online casino and poker play must be located in Atlantic City. As the constitution states that gambling can only take place with Atlantic City. However, even though the servers have to be in Atlantic City, online gambling is available to anyone that is geo-located within the state of New Jersey at the time of play.
All patrons that are able and willing and not located on the DGE self-excluded list are are welcome to play at any of New Jersey’s regulated online casino sites. Patrons can setup accounts and deposit from anywhere in country as long as they have a social security number but must be within the borders of the state to play.
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Reply #1 on : Tue May 22, 2018, 21:26:22