February 2013 marked the month when gambling became legal in New Jersey. Though the first land-based site was opened in 1978, the court prohibited people from gambling online for years. In January 2011, one of the politicians in the state came up with a bill that supported online gambling in New Jersey. This bill did not go through since some of the major leagues did not support it.
After a lot of discussions, Christie came up with a new bill in 2013 to legalize gambling online in the state for a trial duration of at least ten years. The Supreme Court allowed people to start gambling online since then. According to reports, the gambling industry managed to pay millions in taxes and restore the economy of the state. New Jersey gaming law is considered to be less restrictive compared to what other states have. If you want to engage in online gambling in New Jersey, you have to understand what the law allows and prohibits to avoid any problems.
The gambling laws that every casino in New Jersey has to follow
Opening both a land-based and online casino is not that straightforward in New Jersey. Every site has to follow specific regulations for it to be allowed to operate legally. A land-based site has to apply for the online gaming permit for it to start offering online casino games to players. It also must form partnerships with iGaming software operators or providers. According to the gambling laws of this state, the casino applicant should pay a particular amount to fund the entire application process.
Casinos should also be aware of the renewal and annual fees that they have to incur. The law also states that a site should pay a tax rate of up to 15% of the gross gaming revenue. For the land-based site to start operating online without any restrictions, it has to acquire a transactional waiver.