NJ and CA Fighting for Gaming Title
New Jersey and California are two states in a head-to-head race. It may seem strange, but the title each one wants is the first state to successfully regulate online gambling. It is an interesting time in the market because gamblign is a much-needed money generating activity. Since the recession states have been left with short budgets and huge deficits to deal with. Without the legalization and regulation of online casino gambling and land-based gambling there are few other options to manage financially.
Since the recession states have been scrammbling to change their budgets. Many programs have been cut that include education, public works, development and expansion. The 2010/2011 budget has been revamped to manage the smaller revenues to work with and state legislators are working to find other ways to bring in cashflow. The number one way thusfar has been gambling.
It is for this reason that New Jersey and California are fighting it out to institute a reliable gaming law. it could mean millions of dollars for each of the economies and it also would help to bring more casino facilities to the areas. That means that more jobs for locals will be created. Overall building new casinos is a win-win situation. Despite the positive changes, there are still some naysayers who believe that casino gambling in the area will inevitably bring more crime. They believe that it will bring in money laundering, identity thefts and other forms of criminal activity. Still state legislators are are focused and determined to bring a reputable law into play. They believe that the overwhelming benefit of millions of dollars per year is going to overshadow any additional problems that may arise.
New Jersey and California are fighting it out for the first state to regulate gaming. Imagine that a precident that state will create for future states as the US moves into full gambling regulation in the future. They are each testing different bills but only time will tell what each will find success and failure with.
Tags: California, Jersey, law, legal, US
