Press Release – Today’s economy in the United States is shaky on the best of days, and now with the government shutdown, you really don’t know what is going to happen from day to day, but there are states that are still out there trying to figure out how to generate new streams of income. One of those streams come from gambling as several states have been looking into ways they can institute legal gambling without stepping on the toes of the law. But one state is aiming to keep up with modern technology and use online gambling to boost their revenue and if it all works out, they could be a pioneer for other states that need a little extra cash.
The state of New Jersey comes with a longstanding history of gambling; we have all heard of the legacy of Atlantic City (not to mention their bootlegging history, of which you can see a fictionalized account of on HBO’s hit drama “Boardwalk Empire”), and gambling money helped fund the building of Rutgers and Princeton in the past. In 2012, a bill was signed to allow sports betting in the state, however, that bill was overturned and there is still a battle to push it through.
Now, New Jersey will go through with a test in November of a system that partners casinos with online partners in an attempt to get online gambling off the ground in the state. New Jersey likely did research on the number of people that use outside online gambling sites and wondered, “how can we take in some of that money?”. If this works out, the state could be in for a windfall of $40 billion over the next couple of years, but rest assured, they’re going to meet some resistance. This is a story worth keeping your eye on if you’re an online gambling fan.