With the recent introduction of the Restoration of America’s Wire Act in the U.S. House and Senate, the internet gambling issue has again returned to the forefront of policy discussion on Capitol Hill. The renewed focus has prompted well-funded legalization advocates to promote the demonstrably false idea that the many problems associated with internet gambling […]
State budget makers and gaming interests have drastically, laughably overestimated the amount of money that would be generated with the advent of legalized online gambling, especially in New Jersey.
Washington, D.C.— The Coalition to Stop Internet Gambling (CSIG) today launched its second web ad, part of a planned public awareness campaign about the dangers of legalized Internet gambling. The new spot — “Don’t Bet On It” — will be seen by opinion leaders in Washington, D.C., Sacramento and Las Vegas through targeted digital and […]
When it comes to raising revenue for the state, Internet gambling has been a bust. Online gambling has failed to generate most of the tax revenue that it had been anticipated to this year, accounting for roughly half of a downward adjustment to the annual state budget.
New Jersey’s revenue from Internet gambling may fall $148 million short of Governor Chris Christie’s budgeted estimates this fiscal year, according to the legislature’s chief fiscal analyst.
Reno gaming executive John Farahi has a license in hand to operate online poker within Nevada’s borders. But the head of the Atlantis Casino Resort Spa says he won’t do it, contending the practice, in its infancy in Nevada and across the U.S., is a wedge to full online gambling beyond brick-and-mortar casinos, and that […]