Lawmakers to decide on NJ extension

New Jersey’s lawmakers are considering whether to extend online wagering to 2033.

The New Jersey Monitor reports that an Assembly committee will decide whether internet gambling will be permitted to continue after the state legalised some internet wagers in 2013.  The bill that enabled that expires next year.

The state, which benefits considerably from funds from its casinos, will have to decide whether to permit it to continue, enabling the casinos to continue in profitable operation and employ large numbers of local people.

The internet business helped the Atlantic City casinos to compete with the opening of new casinos in New York and in Pennsylvania.

New Jersey casinos earned $1.4bn from internet gambling in 2021, a 41 per cent increases over 2020. The GGR of the Atlantic City casinos was $2.6bn in 2020 and $4.2bn last year.