New bill Could Expand NJ Online Gambling Market

Two New Jersey lawmakers have introduced a new bill that would expand online gambling in the US state by allowing it to take bets from other states and countries.

According to the website, Senators Ray Lesniak and Jim Whelan introduced the new bill last week in an effort to open up New Jersey internet gambling to other regulated markets.

Current law requires anyone who wants to access internet gambling services in New Jersey to be physically located in the state.

The new bill would enable New Jersey to enter into agreements with other states and countries where online gambling is legalised, enabling punters in those markets to access the 15 gambling websites run by Atlantic City casinos.

Nevada and Delaware are the only other regulated states in the US.

In order to move forward, the bill would also require payment processors to obtain a casino industry service licence to persuade financial institutions to allow credit cards to be used more freely in regards to online gambling.

Many banks and financial institutions remain hesitant on allowing credit cards to be used to fund online gambling accounts, but Senator Lesniak said that the added scrutiny and regulation of payment processors would help make credit card issuers more willing to allow their use in online betting.

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