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Gambling legalisation trend growing in America

Posted 3/2/11 : Respected financial and business journal examines a growing trend
 
The respected Wall Street Journal has reported that regardless of what Governor Chris Christie does with New Jersey’s online gambling legalisation bill this week, the momentum of a state-by-state trend to legalisation will continue.
 
The newspaper noted the budget deficits and initiatives in motion in California, Florida and Iowa and spoke with industry experts on the growing trend.
 
Anthony Cabot, a well known internet gambling law expert, opined that when one state makes the commitment and passes legalising legislation, "…you will see other states go 'aha.' It will spread very rapidly."
 
The long article summarises the history of legalisation attempts in the United States and the harsh economic climate which has persuaded a number of state governments to consider the revenue generating benefits of intrastate regulatory regimes.
 
"I think you're seeing a shift in focus because the thought process is that if several large states legalise, that will put pressure on the feds to act," Nick Iarossi, a gambling lobbyist in Florida, told the WSJ.
 
Interestingly, the journal notes the opposition of land gambling giant Caesar’s Entertainment to a state-by-state approach to legalisation, which it in general supports.  On a recent call with analysts, the chief executive said the company hadn't given up on the possibility of a change in federal law and wasn't ready to support an individual system whereby states would independently exercise their right to make their own intrastate laws.
 
The article notes the dominance of Pokerstars and Full Tilt in the US internet poker field despite laws hampering financial transactions, and quotes estimates by the Poker Players Alliance that around 10 million people in the U.S. play poker online.
 
“In New Jersey, the [legalisation] bill passed through both houses of the legislature in recent months with overwhelming support of both parties,” the WSJ points out. “But hurdles remain. [Governor] Christie could conditionally veto the bill, which would send it back to the legislature with changes, according to a person familiar with the matter. The bill would likely be derailed if he said it required an approval by voters. A recent poll found that 67 percent of New Jersey residents polled oppose Internet gambling.”
 
Sen. Ray Lesniak, who pushed the New Jersey bill through the Legislature in a remarkably short time this year, told the journal that the state could become a hub for the industry if it is the first to legalise Internet gambling.
 
The Senator estimated the new law would bring the state around $30 million annually in taxes based on an estimate that it would produce $200 million in revenues.
 
The newspaper reported on previous legalisation efforts by Nevada back in 2002, noting that these were shelved after the US Justice Department advised the state against allowing the pastime.
 
The article also reports that the state of Illinois is waiting on a ruling from the Justice Department on whether a plan to allow wagering online through the state lottery would be allowed.



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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