Internet gambling was legalized in New Jersey in 2013 and authorized for a 10-year period, set to expire in November. Bill S-3075 would extend that another 10 years, to 2033.
“The legalization of online gambling and sports betting was a catalyst for struggling casinos in the aftermath of the Great Recession,” said bill sponsor Sen. Vince Polistina, R-Atlantic, in a statement. “In places like Atlantic City, internet gaming has created a number of good paying jobs for workers as well as generating millions of dollars in tax revenues for the state.”
Internet gambling brought in nearly $159 million in April in New Jersey, up more than 16% from a year earlier.
