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These renewed efforts have caused a good deal of concern from supporters of legal, state-regulated online gaming.
They’re pushing back against federal action and calling on the administration to honor its pro-business promises and reject these new federal regulations.
Let’s call this what it is: federal regulation
The idea that the Restoration of America’s Wire Act restores anything is poppycock.
The same goes for the notion that the government needs to revisit the 2011 DOJ Office of Legal Counsel opinion that cleared states
to legalize online gambling.
Any intervention by the federal government into legal online gambling would create new regulations that would only cause harm.
Where states have legalized online gambling, they have effectively regulated it to protect consumers, as well as create jobs and revenue.
A federal ban would undo that progress and threaten jobs, taxes, and the budget health of several states.
NJ to Trump: say ‘no’ to business-killing federal gambling regulations
Here are some of the accomplishments of the NJ online gambling industry in recent months:
It put $35 million of tax revenue in New Jersey’s coffers in 2016.
Operators have generated half a billion dollars in revenue since launch.
The industry set a new record for revenue and tax contribution in March.
Helped generate the first annual revenue increase for casinos in New Jersey since 2006.
Furthermore, because of online gambling, AC casinos are investing and innovating.
This investment creates jobs and economic opportunities in the gambling industry and beyond.
The idea that the federal government could kill that progress led to a resolution introduced by
New Jersey Assemblyman Vincent Mazzeo calling on the Trump administration and Congress to
oppose any federal ban on state-regulated online gambling.
Mazzeo’s resolution essentially says: Don’t let the feds regulate us out of business.
SOURCE FULL ARTICLE
They’re pushing back against federal action and calling on the administration to honor its pro-business promises and reject these new federal regulations.
Let’s call this what it is: federal regulation
The idea that the Restoration of America’s Wire Act restores anything is poppycock.
The same goes for the notion that the government needs to revisit the 2011 DOJ Office of Legal Counsel opinion that cleared states
to legalize online gambling.
Any intervention by the federal government into legal online gambling would create new regulations that would only cause harm.
Where states have legalized online gambling, they have effectively regulated it to protect consumers, as well as create jobs and revenue.
A federal ban would undo that progress and threaten jobs, taxes, and the budget health of several states.
NJ to Trump: say ‘no’ to business-killing federal gambling regulations
Here are some of the accomplishments of the NJ online gambling industry in recent months:
It put $35 million of tax revenue in New Jersey’s coffers in 2016.
Operators have generated half a billion dollars in revenue since launch.
The industry set a new record for revenue and tax contribution in March.
Helped generate the first annual revenue increase for casinos in New Jersey since 2006.
Furthermore, because of online gambling, AC casinos are investing and innovating.
This investment creates jobs and economic opportunities in the gambling industry and beyond.
The idea that the federal government could kill that progress led to a resolution introduced by
New Jersey Assemblyman Vincent Mazzeo calling on the Trump administration and Congress to
oppose any federal ban on state-regulated online gambling.
Mazzeo’s resolution essentially says: Don’t let the feds regulate us out of business.
SOURCE FULL ARTICLE
