New Jersey pushes forward with new gambling regulations

When Gov. Chris Christie finally signed the online gambling bill, it became obvious that the state will compete with Nevada and Delaware. The three states are the first to set a legal framework for online games and attracting prominent companies is the main priority. Poker Stars is among those interested to join this market, but due to the fact that Nevada has a bad actor clause preventing them from entering, they focus on New Jersey as stated at http://www.slotsguidance.com/things-heat-up-in-new-jersey/.

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Unlike Nevada lawmakers who are only concerned about legalizing online poker, New Jersey aims to cover all types of gambling. This is why online casinos are desperate to secure market share and bring their games in complete accord with the laws. The New Jersey Division of Gaming Enforcement spearheads the offensive and the commission has already prepared a preliminary draft. If these proposals pass, then it is expected that the first companies will start operating within the state borders in 2014.

David Rebuck is one of the supporters of this new bill and the one who reminded the gaming community that New Jersey is one of the most supportive states for this industry. The authorities are just as concerned about receiving the proper amounts through taxation, as to create a safe environment for players. It is essential for the online casinos to address sensitive issues such as age verification and provide players with ways of fighting addiction when this becomes an issue.

Among these proposals, one that has generated mixed feelings is setting a deposit limit at $2500 and after this threshold is hit, the player will need to set daily limits. The idea is to limit the effects of addiction while allowing players to enjoy their favorite games in complete accord with the law. The poker companies are more concerned about the costs of the gambling permits and the annual fees, with the amounts revolving around values of $400,000. For the time being, this is nothing more than a project that could pass or be repelled on June 3 with the regulators to decide within 60 days.