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Sunday, November 24, 2024

Polistina Bill Authorizing Online Gaming Through 2028 Signed Into Law

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Senator Anthony M. Bucco, Republican Leader - District 25 | Official U.S. Senate headshot

Senator Anthony M. Bucco, Republican Leader - District 25 | Official U.S. Senate headshot

Legislation sponsored by Senator Vince Polistina supporting and extending casinos' use of online gambling through 2028 has been signed into law. Polistina expressed his satisfaction with the new law, stating, "I am pleased that this legislation was signed into law to support the continued growth and success of casinos all throughout New Jersey. Extending casinos use of online gambling will allow New Jersey to remain at the forefront of an evolving gambling industry."

Senator Polistina highlighted the positive impact of online gambling on the state, citing how it revitalized casinos in areas like Atlantic City and created numerous well-paying jobs following the Great Recession. He emphasized the importance of the legislation, stating, "The legalization of online gambling and sports betting revitalized casinos in places like Atlantic city and created a number of good paying jobs after the Great Recession. This authorization extends the use of online gaming services through 2028 to ensure stability in the gambling industry."

Online casino gambling was legalized in 2013, initially authorized for a ten-year period set to expire in November of this year. Over the past decade, online gambling has significantly contributed to economic growth, job creation, and responsible gambling enjoyment for New Jersey residents and tourists.

Senator Polistina's bill, A-2190/S-3075, extended the existing authorization for an additional five-year period, now ending in 2028. Polistina underlined the financial benefits of online gaming, stating, "Internet gaming is a strong economic driver for the industry. In the ten years since its legalization, online gaming has generated millions of dollars in tax revenues for the state." He emphasized that the extension supports the important role online gambling plays in shaping the current and future success of casinos in New Jersey.

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