Robert A. Marsico
Partner
201-896-7165 rmarsico@sh-law.comFirm Insights
Internet Gaming One Step Closer in New Jersey
Author: Robert A. Marsico
Date: February 21, 2013
Key Contacts
Back
New Jersey is poised to legalize Internet gaming, becoming just the third state in the country to do so. Although Gov. Chris Christie recently issued a conditional veto of the legislation, lawmakers have stated that they are confident that they will quickly have a revised bill on his desk.
The law only legalizes intra-state online gaming by New Jersey residents. In addition, all Internet gaming activities must be confined to Atlantic City. Under New Jersey’s gambling laws, voters must approve a constitutional amendment for casino gambling to exist outside of Atlantic City. Thus, the restrictions allow the law to skirt these constitutional issues that have plagued previous attempt to legalize online gaming.
To address Gov. Christie’s concerns, lawmakers must increase the tax on online gaming revenue from 10 percent to 15 percent, and implement a 10-year trial period via a sunset provision. Gov. Christie has also called for regulations to restrict relationships between lawmakers and Internet gaming licensees.
Online gambling is predicted to provide a much-needed boost to New Jersey’s economy. Analysts are predicting that the gaming market could be worth up to $1 billion in three years. In the wake of Gov. Christie’s conditional green light, shares of gaming stocks skyrocketed, suggesting that companies and investors are eagerly anticipating the bill’s final approval.
If you have any questions about the proposed legislation or would like to discuss how it may impact your business, please contact me, Robert Marisco, or the Scarinci Hollenbeck attorney with whom you work.
- Practices: Environmental
- Locations: Red Bank, NJ, Little Falls, NJ, New York City
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Guardianships in New Jersey: When a Loved One Can No Longer Manage Personal or Financial Affairs
When a family member can no longer make important decisions for themself, the question is often not whether the family will step in, but whether they have the legal authority to do so. A spouse may manage household finances, or an adult child may arrange medical care and pay bills. Still, informal assistance does not […]
Author: Marc J. Comer
New Jersey’s Revised UHAC Regulations: What Residential Developers Need to Know About Affordable Housing Commitments
New Jersey residential developers with affordable housing obligations should carefully review their existing approvals, development agreements, and proposed deed restrictions in light of the State’s revised UHAC regulations (Uniform Housing Affordability Controls). The regulations, which took effect on November 6, 2025, significantly change the administration and physical requirements for affordable housing units. For developers with […]
Author: Wendy Rubinstein Quiroga
“No Comment” Culture: Why Silence Is Often the Riskiest Legal Strategy
A “no comment” response is sometimes the right call when a legal problem arises. As a blanket policy, however, it lets allegations go unanswered, deadlines pass, evidence disappear, and manageable disputes grow into expensive litigation. The businesses that fare best are usually the ones that say little publicly while acting decisively behind the scenes. When […]
Author: Sean M. Pena
Utility-Scale Battery Storage Projects: A Legal Roadmap for Developers, Property Owners and Other Stakeholders
Utility-scale battery energy storage systems (BESS) are becoming an increasingly important component of the electric grid throughout New Jersey, New York, and Pennsylvania. As renewable generation expands, electricity demand increases and grid operators seek greater flexibility, battery storage can help balance supply and demand while providing additional capacity and reliability. For developers, battery storage presents […]
Author: Nicholas Wall
Navigating Disputes: Hire a Partnership Dispute Lawyer
A falling out between partners can be disastrous for any business. In many cases, the partnership will not survive. If you are in an unworkable situation with your partners, it may be time to consult a partnership dispute lawyer experienced in handling partnership breakups and dissolutions before the situation deteriorates any further. It is easy […]
Author: Jay McDaniel
Section 363 Sales in Bankruptcy: What Businesses, Lenders, and Buyers Need to Know
When a company enters Chapter 11 bankruptcy, many assume the process will culminate in a lengthy reorganization plan. However, distressed businesses are increasingly being sold through a different mechanism — a sale under Section 363 of the United States Bankruptcy Code. A Section 363 sale allows a company, as a debtor-in-possession in bankruptcy, to sell […]
Author: John D. Giampolo
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.