States Try End-Around Federal Ban for Sure Revenue Bet in Online Gambling

Wednesday, 02 Mar 2011 04:38 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Revenue-starved states that want to legalize online gambling see a way around the federal government’s de-facto ban, The Wall Street Journal reports. The trick is to limit betting to people within the state, and supporters say the technology exists to make sure no one violates a U.S. statute prohibiting Web-based wagers from being processed across state lines.

online, gambling, states, revenue, Chris ChristieBills moving through legislatures in New Jersey, Florida, California, and elsewhere would legalize everything from betting on horses to virtual poker. The New Jersey measure is expected to land on Republican Gov. Chris Christie’s desk as early as this week.

Whether Christie will sign it, and make his state the first to legalize online gaming, is another question. Polling shows New Jersey residents overwhelmingly oppose the idea. Some experts also question how much revenue the state would actually collect, given a complex set of reimbursement agreements New Jersey is locked into with its horse-racing and casino interests.

If Christie does sign, expect to see “other states go ‘aha’ ” and quickly jump aboard, said Internet gaming law expert Anthony Cabot.


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sony Hack Sheds Light on Racism in Hollywood

Thursday, 18 Dec 2014 15:40 PM

Hollywood liberals' blatant racism once again is on embarrassing display thanks to the hacking of Sony Pictures Entertai . . .

NJ, FBI Hope Cuba Deal Will Help Bring Back Cop Killer

Thursday, 18 Dec 2014 15:38 PM

New Jersey officials and the FBI hope this week's agreement to restore relations with Cuba will allow them to bring back . . .

Tesla Motors' Elon Musk Wheels and Deals to Save NY Gov. Cuomo

Thursday, 18 Dec 2014 15:24 PM

In the waning days of his 2014 re-election campaign, Gov. Andrew Cuomo turned to billionaire Elon Musk to bail him out o . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved