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Now more will be employed to help those of gambling addictions.
More $$ for players to lose as they're using their credit cards and too easy for the debt to rack up.
If you can't handle gambling, don't gamble. Just don't try to keep others from playing poker online or whatever other game they want to play. The government has no business telling adult Americans what they can and can't do with their money.
The state itself is expected to see an increase of around $201 million ($436 million up from $231 million) in additional revenue in 2014 alone from the enactment of the bill.
This a pipe dream, you have new gambling websites going up against established offshore operators that have name recognition. I doubt NJ Casinos gambling websites will even break even the first few years of operation. I don't think there's going to be a surge in internet gamblers just because it's now legal in New Jersey. Most of people that are gambling online already have there favorite place to do it.
Also I would like to know how they came up with those figures. If we assume Internet Gambling revenue is taxed at the same rate as the Atlantic City Casino's revenue (8%) the casino's would have to earn 2.5 billion dollars in revenue and given that casinos have to give some of there income back in earnings, (around 95%) they are suggesting People that are in New Jersey alone will be wagering 50 billion dollars over the course of the year. Atlantic City earns 3 billion dollars a year on gambling with there casino's now, they are suggesting the gambling market can almost double with Internet Gambling?
If Revel taught us anything is, "We build it, they will come" mentality is faulted.
Last edited by TechGromit; 03-01-2013 at 06:24 AM..
This a pipe dream, you have new gambling websites going up against established offshore operators that have name recognition.
These established offshore operators are also illegal and almost impossible to transfer money to and from. Most people who gamed online before the UIGEA and Black Friday have just given up on trying.
Quote:
I doubt NJ Casinos gambling websites will even break even the first few years of operation. I don't think there's going to be a surge in internet gamblers just because it's now legal in New Jersey. Most of people that are gambling online already have there favorite place to do it.
This a pipe dream, you have new gambling websites going up against established offshore operators that have name recognition. I doubt NJ Casinos gambling websites will even break even the first few years of operation. I don't think there's going to be a surge in internet gamblers just because it's now legal in New Jersey. Most of people that are gambling online already have there favorite place to do it.
Also I would like to know how they came up with those figures. If we assume Internet Gambling revenue is taxed at the same rate as the Atlantic City Casino's revenue (8%) the casino's would have to earn 2.5 billion dollars in revenue and given that casinos have to give some of there income back in earnings, (around 95%) they are suggesting People that are in New Jersey alone will be wagering 50 billion dollars over the course of the year. Atlantic City earns 3 billion dollars a year on gambling with there casino's now, they are suggesting the gambling market can almost double with Internet Gambling?
If Revel taught us anything is, "We build it, they will come" mentality is faulted.
im pretty sure nj has already spent the anticipated revenue (just kidding, i hope)
but there is a difference. a lot of regular folk would be willing to gamble online with a us based casino that follows us regulations and is accountable here in america for any problems. i have looked into international betting web sites for some sports bets and ultimately was too nervous dealing with an overseas gambling operation. so i dont think overseas places will be able to compete for the average user with established american based companies.
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