Online gambling: Will Massachusetts legalize Internet betting sites?
April 12, 2016
New Jersey is also desperate for cash after seeing its unfunded pension liabilities increase to $47.2 billion in 2012.
Originally published on Technorati
Photo by Tristan Fewings/Getty Images. Some industry pundits believe that legalization of online betting could lead to the development of mobile and social apps that enable users to gamble on their devices.
Illinois is also considering legalizing online poker due to massive unfunded pension liabilities for its unionized public employees. A maximum of three online poker operator licenses would be granted and it would be valid for ten years.
In 2006, congress passed the Unlawful Internet Gambling Enforcement Act of 2006 which outlawed Internet betting sites. Kelly is advocating the legalization of online betting sites with state and national politicians. The state has 90 days to review the application. Similarly, Penn National Gaming also announced that it has recently spent $1.9 million in development costs to establish similar operations in Massachusetts. Last year, Maryland Live a casino operator disclosed that it has submitted a Category 2 license to operate a betting parlor in the state. The bill is sponsored by 18 politicians two years after the U.S. In addition to record deficits, the state faces $2 billion in unpaid bills to vendors in 2014. Industry insiders believe the advocacy will play a key fundraising role in what is expected to be a highly contentious 2014 midterm elections.
In 2013, lawmakers in Massachusetts have introduced amendments to a bill that would grant licenses to online poker operators, according to Gaming Intelligence. Its not clear whether those expenses went towards lobbying efforts.
The popular online poker site is being represented by lobbyist John Kelly, Jr., president and owner of All-Circo Inc., according to Cards Chat.
However, it remains to be seen whether Massachusetts will legalize Internet gambling.
Massachusetts is following in the footsteps of Illinois and New Jersey in considering granting gambling licenses to betting websites. Thus, they argue it should be legalized, regulated, and ultimately taxed.
Recent market signals indicate that Massachusetts is seriously considering expanding its casino base. Justice Department shut down PokerStars, Full Tilt, and similar Texas Holdem sites.
Since the measures in Massachusetts and Illinois are still pending, New Jersey could be the first state in America to issue an online gambling license. The state ranks second in the nation with more than $80 billion in state debt. However, officials in Massachusetts argue that the federal law is not effective at stopping thousands of its citizens from playing internet poker through illegal offshore-based sites. Earlier this week, the state’s Division of Gaming Enforcement announced that PokerStars has completed its application for a gaming license. Last month, a state lawmaker inserted technical language to Senate Bill 1739 that would allow PokerStars and Full Tilt to operate sanctioned online portals. Opponents argue that passage of such legislation would essentially place a casino in every household with an Internet connection. Officials estimate that legalized online betting would bring in between $400 million and $1 billion in taxable revenue.
Under the new proposal, any online poker operator would have to receive a Category 3 license
Latest posts by Amelia Woodward (see all)
- My Top 5 Sports Betting Sites - March 26, 2017
- Stossel: My political advice for 2016? Place your bets - January 27, 2017
- GBGC – Asia Has 10 of the Worldâs Largest Casinos - January 26, 2017