New Jersey Legalizes Online Gambling
Thursday, November 18th, 2010 - Alfie Williams.
The United States is one of the strictest countries when it comes to online gambling. While many countries across Europe are considering legalizing and taxing the activity, America’s federal government believes it should stay illegal. However, one state has found a way to circumvent the country’s online gambling ban.
The UIGEA (Unlawful Internet Gaming Enforcement Act) is a federal ban that restricts players from making financial transactions with online gambling operators. Over the years since the law was passed in 2006, dozens of online gambling operators have faced legal troubles for supposedly defying the law.
Now, New Jersey has found a way to legalize online gambling within the state without having to worry about breaking any federal laws. New Jersey’s legislation, S490, will legalize online gambling only in the state of New Jersey. All operators must be based in the state, as well, keeping all activity within state lines. Because the activity is regulated on a local level, the federal government cannot charge anyone in the state for taking part in gambling online.
The proposed taxation scheme would see 20% of all wagers being given to the state government. This could mean upwards of £25 million a year in revenue for New Jersey.
You must be over 18 years of age to register and to place a bet. The company reserves the right to ask for proof of age from any customer and customer accounts may be suspended until satisfactory proof of age is provided.
St Minver Limited is licensed by the Gibraltar Licensing Authority and regulated by the Gibraltar Regulatory Authority under the 'Gambling Act 2005'.