New Jersey reinforces iGaming legal battle
The government of New Jersey signed a bill to resist a measure that would ban iGaming on a federal level.
US.- New Jersey’s iGaming industry has developed into one of the most successful in the United States, but the business could be threatened by a federal legislation. According to international press, the local government could soon approve a ban on online gaming operations, and in response, the state has signed a new legislation.
New Jersey’s Governor Chris Christie has signed a bill to resist the federal ban. The state legislation could prevent the US Congress and Presidency to implement new laws banning online gaming, one of the biggest industries in New Jersey since its approval almost four years ago.
The new legislation argues that iGaming businesses required millionaire investments and have proved to be profitable in the state. The New Jersey Division of Gaming Enforcement (NJDGE) revealed that online gaming revenue last month was of US$16.4 million. In terms of online gaming wins for the year-to-date, now stands at U$94.8 million, up 31.7 percent on the previous year, whilst total gaming win for the first six months of the year was up 2.5 percent.
New Jersey’s legislation is the latest move by Chris Christie, a Republican and President Donald Trump’s ally to protect state’s revenues. The iGaming industry has boosted local economy and Atlantic City’s financial recovery.
