Nevada and New Jersey Interstate Compact in 2014

Posted on August 7th, 2013 by Todd Wilkins

Nevada and New Jersey Interstate Compact in 2014An interstate online poker compact between Nevada and New Jersey that will increase player pools will likely be in effect sometime next year.

Although New Jersey’s online gambling regime is more than 3 and 1/2 months away from launching and Nevada has gone live with only Ultimate Poker thus far, the states are discussing the particulars to a partnership agreement. MGM Resorts International CEO Jim Murren told Reuters that he expects a deal between the two states long known as U.S. gambling hotspots to be in place in 2014.

Murren also believes that at least 40 states are considering online gambling measures as a way to increase revenue. Illinois, New York and California are several of the states that figure to one day pass Internet gaming statutes. Interstate compacts with those states would also go a long way toward increasing liquidity, but California may choose to offer online poker under an intrastate model.

An anticipated November launch is on the agenda for online gambling sites in New Jersey. The head of the state’s Division of Gaming Enforcement revealed that while the current focus is on getting those sites up and running, an eye toward the future and interstate compact agreements with Nevada and other states is certainly part of the plan.

Nevada’s gaming control board chairman also gave a thumbs up to interstate compacts, stating that research conducted by the board is almost finished. The knowledge gained will allow the Silver State to forge ahead with partnership agreements with other states, a mission that was set in course by Governor Brian Sandoval’s signing of legislation in February.

Residents in New Jersey number three times that of Nevada. An intrastate scheme in both states would likely not be viable with a dozen or more operator licenses in each state likely to thin the players pool tremendously. The only solution is compacts, which would be beneficial in a number of ways.

In addition to increased liquidity, consumer protection will also become greater as states pool their available resources with each other. Safeguards to prevent minors and those exhibiting addictive behavior from gambling online will be increased with collaborative efforts among multiple states. Likewise for combatting credit card fraud and identity theft.

Many view the current day and age to be an exciting time in the history of gambling in the U.S. States are preparing to embark on regulated Internet gambling expansion that will assure that a mess such as that of Full Tilt’s mismanagement of funds does not repeat itself. That is great news for thousands of U.S. Full Tilt players who still are waiting to be reunited with their account balances.

 

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