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
What Founders Can Learn From Start-up Suits
High-profile founder litigation is more than just a media spectacle. For startup founders, these cases underscore the legal and structural risks that can arise when rapid growth outpaces formal oversight. While launching a new company can be both an exciting and deeply rewarding endeavor, founders must be mindful that it also comes with significant risks. […]
Author: Dan Brecher
Corporate Governance Reviews: A Practical Guide for New Jersey Companies
Every New Jersey company should periodically evaluate its governance framework. Strong corporate governance protects directors and officers, builds investor confidence, reduces litigation exposure, and positions a company for sustainable growth. The first quarter of the year is a great time to evaluate your corporate governance practices and perform any routine maintenance needed to keep that […]
Author: Ken Hollenbeck
What to Do After Being Served with a Lawsuit: Steps to Protect Your Legal Rights
Being served with a lawsuit is one of the most stressful legal events a business or individual can face. Whether the claim involves a contract dispute, an employment matter, an intellectual property issue, or another legal challenge, the actions you take in the first few days can significantly shape the outcome of your case. Acting […]
Author: Robert E. Levy
Will 2026 Be a Banner Year for SPACs? Understanding the Risks and Opportunities
Special Purpose Acquisition Companies (SPACs) continue to gain momentum as we move through 2026. After enduring a significant contraction following the 2021 boom and the regulatory scrutiny that followed, SPAC activity rebounded sharply in 2025 and now carries forward into 2026 with real momentum. The SPAC resurgence reflects broader improvements in both market conditions and the […]
Author: Dan Brecher
Why Compliance Monitoring Matters for NY and NJ Businesses
Compliance programs are no longer judged by how they look on paper, but by how they function in the real world. Compliance monitoring is the ongoing process of reviewing, testing, and evaluating whether policies, procedures, and controls are being followed—and whether they are actually working. What Is Compliance Monitoring? In today’s heightened regulatory environment, compliance […]
Author: Dan Brecher
When Are New Jersey Business Owners Personally Liable for Corporate Debt?
New Jersey personal guaranty liability is a critical issue for business owners who regularly sign contracts on behalf of their companies. A recent New Jersey Supreme Court decision provides valuable guidance on when a business owner can be held personally responsible for a company’s debt. Under the Court’s decision in Extech Building Materials, Inc. v. […]
Author: Charles H. Friedrich
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.