New Gambling Bill Tabled By New Jersey
While New Jersey is battling against PASPA in the Supreme Court, a Democratic senator called Frank Pallone has proposed a new gambling bill which will comprehensively cover laws and regulations for the gambling market that can be adopted in the state in place of the federally applicable PASPA.
The proposed bill is called the Gaming Accountability and Modernisation Enhancement Act, or GAME for short. It has many similarities to the regulatory measures in many other countries and is a far cry from the archaic laws currently in place in the state.
Changing The Face Of Regulation
While GAME is seen by many as a replacement for PASPA, it should rather be looked at as a solid foundation for state gambling regulation as PASPA does not really delve into gambling laws in detail on a state level. GAME will essentially open the doors for sports betting and online gambling that are well regulated.
While it calls for the full legalisation of online gambling, it also is at pains to state that legalisation should only happen if adequate consumer protection is also in place to regulate the market. The bill specifically tackles
- Licensing and certification
- Protection from crime and of problem gambling
- Tax collection
- Privacy and data protection
- Age and location verification
Setting The Foundation For Future Legislation
The GAME act also makes room for the use of virtual currencies and virtual items to be used in wagering, with wagering being described in broad terms to cover a host of online gambling activities like e-sports, lottery gaming, fantasy sports and more.
Pallone was speaking at Monmouth Park Casino and stated that legalised gambling is an issue of fairness. He went on to say that New Jersey sees overwhelming public support for legal online gambling and sports betting and the Supreme Court or even congress cannot deny the people their will.
Ohio Introduces Fantasy Sports BIll
In Ohio a bill has been presented to the state Governor John Kasich that would legalise daily fantasy sports betting in the state, making it the 19th US state to legalise this form of gambling. It was overwhelmingly supported by the state’s House of Representatives in May already and the bill is now awaiting sign off from the governor.
Operators that wish to offer Daily Fantasy Sports have to first register with the Casino Control Commission Fund and there is an annual licensing fee of $10 000 that will need to be paid. Another provision is that the fantasy sport offerings cannot include any youth, school or college teams or players.
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