New Jersey At The Center Of Legal Online Poker Discussion For States
September 3rd, 2010-  By Bryan Cross

With the continued debate over legal USA online gambling and legal USA online poker, Rep. Barney Frank and his bill continue to be at the forefront of the issue.  Frank’s bill, HR2267, calls for legalization and licensing of entities that would allow American’s to legally deposit money into accounts for them to play.

While Frank tries to implement this on a national scale, several states have already begun to initiate the process should the 2006 law be changed.

New Jersey was the original state to bring up legal gambling in all facets in the state.

“New Jersey sits in the center of the most populous region in the US,” remarked Joe Brennan, Jr.,  who is Founder of the Interactive Media Entertainment & Gaming Association  “It would represent the largest potential market those firms could have access to within the US, greater even than that which supplies Las Vegas, of which California is the greatest part.”

“It is also the most active in sports, with a greater density in franchises than elsewhere in the US,” Brennan added.

“If New Jersey were to add sports betting, it would likely have a cascade effect through Pennsylvania and New York. Existing operators should know what kind of opportunity that would create. It would be a quantum leap beyond their current revenue base. New Jersey is ‘the ball game’.

New Jersey has struggled in the Atlantic City Casino district of late, so much so that Governor Chris Christie has called for a complete revitalization of the district to save it.  The potential for online gambling might be the lifeline.  However, there are both who are in favor and against the New Jersey Online Casinos.

“Atlantic City can’t afford to make that big of a mistake. So yes, they would likely partner with existing companies that can provide all of what’s needed to succeed, including capital to invest, one thing that’s in short supply in Atlantic City. What companies will get the opportunity? That remains to be seen. But everyone is going to want in if it happens.”

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