New Jersey lawmakers recently signed a proposed bill into law that extends online casino gambling for another five years. The original bill, authored by Senator Vince Polistina, would have kept online casino gambling going until 2033.
Bill A-2190 / S-3075 amended the current law with a proviso to extend the period for an additional five years.
The state first legalized casino gambling in 2013 for a period of 10 years. The previous law on the books left the state with November 2023 expiration date.
And Senator Polistina has released an official statement commenting on the new law and said, “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.
“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.
“This extension supports the integral role that online gambling plays in shaping the current and future success of casinos in New Jersey.”
Polistina went on to discuss the potential benefits the extension can create for New Jersey’s casinos.
He said in closing, “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.”
Sightline Payments recently commended New Jersey for its extension.
