New Jersey legalizes online gambling

• gut

  But, for now, you'll have to be physically in NJ to place bets online.
  
  Personally I think for most games it's about the atmosphere and experience. The idea of someone playing slots at home (well, at any time really) is sadly pathetic. It really should be reserved for a casino - let's not make yet another reason for people to be reclusive and anti-social.
  
  For poker and sports betting I'm all for it. Especially for NJ, which is one of few states that can take sports bets. Should be big business - those ATM-type sports bet machines are going to make a killing in gas stations just over the river in NY and Philly.
• thavoice

  gut;1397076 wrote:But, for now, you'll have to be physically in NJ to place bets online.
  
  Personally I think for most games it's about the atmosphere and experience. The idea of someone playing slots at home (well, at any time really) is sadly pathetic. It really should be reserved for a casino - let's not make yet another reason for people to be reclusive and anti-social.
  
  For poker and sports betting I'm all for it. Especially for NJ, which is one of few states that can take sports bets. Should be big business - those ATM-type sports bet machines are going to make a killing in gas stations just over the river in NY and Philly.

  YOu make a good point with that but I doubt any opponants to this being legal will put any stock into that. PLaying slots at home? That could get alot more people into trouble! Possibly alot more domestic issues? Now if you go the casino and lose a ton you have time to cool off. Can you imagine losing alot of money at home this way and then the wife coming into the room asking why ya havent fixed the leaky sink yet??!??!?!!
  
  All this technology has made people so anti social it is scary. It is quite sickening to go out to places, anywhere reallly, and see people sitting around paying more attention to their damned phones then the people they are with.
• derek bomar

  

  For arguments sake lets say an online casino company is formed and now operates out of NJ. I guarantee you there will be a way around being physically in NJ to play.
• derek bomar

  

  also... online poker should be fucking legalized and taxed. Just like marijuana and hookers. Ugh.
• gut

  derek bomar;1397092 wrote:For arguments sake lets say an online casino company is formed and now operates out of NJ. I guarantee you there will be a way around being physically in NJ to play.

  One can hope (I miss my freerolls)
• gut

  What is going to be really interesting is to see how this impacts lottery sales. The state will get a nice chunk of taxes off this, but I have to believe it's really going to slaughter lotto sales (especially the instant/scratch-off).
  
  I think it's also problematic if you can fund an account with much more than you might sit down at a table with. Having to go to an ATM for cash for chips is another way of getting people away from the table and perhaps stepping away.
• dlazz

  gut;1397098 wrote:What is going to be really interesting is to see how this impacts lottery sales. The state will get a nice chunk of taxes off this, but I have to believe it's really going to slaughter lotto sales (especially the instant/scratch-off)

  Why?
• sleeper

  

  derek bomar;1397093 wrote:also... online poker should be fucking legalized and taxed. Just like marijuana and hookers. Ugh.

  This.
• gut

  dlazz;1397203 wrote:Why?

  Because when people can sit on their ass at home and fritter away their money they'll have less to spend on the instant tickets at the gas station.
  
  But perhaps people don't budget that way. Although I tend to think if you can dump $20 into an online slot machine you won't go buy $20 in scratch-n-win tickets at the gas station. Keep in mind a lot of scratch-n-win tickets are very similar to slot machines in terms of play. Plus, to the extent people perceive better odds (especially with sportsbook) they'll favor the online games.
  
  It's a little different with bricks-n-mortar casinos where people go to less frequently and slot it into their "entertainment" mental accounting budget.
• dlazz

  gut;1397227 wrote:Because when people can sit on their ass at home and fritter away their money they'll have less to spend on the instant tickets at the gas station.
  
  But perhaps people don't budget that way. Although I tend to think if you can dump $20 into an online slot machine you won't go buy $20 in scratch-n-win tickets at the gas station.

  Not all people who buy lottery tickets would gamble online. Old people especially
• gut

  dlazz;1397233 wrote:Not all people who buy lottery tickets would gamble online. Old people especially

  You've obviously never seen pics of the people that fill-up internet "cafes". I'm not saying no one will play lottery, just that it will take a big hit.
• karen lotz

  

  gut;1397234 wrote:You've obviously never seen pics of the people that fill-up internet "cafes". I'm not saying no one will play lottery, just that it will take a big hit.

  
  I've always wondered about those cafes that I see all over. What kind of games do they have?
• gut

  karen lotz;1397247 wrote:I've always wondered about those cafes that I see all over. What kind of games do they have?

  No idea, but it's somehow rigged to work-around laws (which they don't appear to do completely). I'm guessing it's pretty similar to slot machines.
  
  I would never trust a loosely regulated, if at all, off-shore gaming site. Who is verifying the software is truly random and that the payouts are as advertised? When you're at a BJ table with physical cards it can't really be rigged - the automated shufflers could, but all that is closely monitored by the gaming commissions.
• Pick6

  

  derek bomar;1397093 wrote:also... online poker should be fucking legalized and taxed. Just like marijuana and hookers. Ugh.

  I must be missing something here, because not reporting gambling winnings is tax fraud.
  
  http://www.irs.gov/taxtopics/tc419.html
• Mulva

  

  gut;1397098 wrote:What is going to be really interesting is to see how this impacts lottery sales. The state will get a nice chunk of taxes off this, but I have to believe it's really going to slaughter lotto sales (especially the instant/scratch-off).

  Are lotto sales currently up from where they were before pokerstars and full tilt got seized?
• O-Trap

  

  New Jersey SOCKS5 proxies FTW!
• reclegend22

  

  Thank god I don't live in New Jersey. The only thing that stops me from losing everything is that each time I think it's a bright idea to gamble more money I have to drive all the way to the grocery store and rationally make the decision that I want to actually send cash by wire to a fictional filipino in Manila.
• gut

  Mulva;1397396 wrote:Are lotto sales currently up from where they were before pokerstars and full tilt got seized?

  Apple to oranges - we're talking slot based games. I doubt those sites ever took much from lotto to begin with.
• rydawg5

  Oh heavens, we can't let people make such harmful decisions about their own finances. Should the federal government step in to protect them?
• gut

  rydawg5;1397539 wrote:Oh heavens, we can't let people make such harmful decisions about their own finances. Should the federal government step in to protect them?

  Could be a shrewd move by Christie and NJ if they have a first-mover advantage when it goes national. Although I can't imagine OH, MI, etc.. would allow NJ to leech revenues off their residents' online gambling. Of course, when that day comes all the big Vegas casinos have this already teed-up set to roll, and most people won't go to some podunk site they'll go to Caesars. Might be a distinction without a difference since most of the big Vegas players have properties in AC.
  
  They'll probably get the same cut as they get off lotto sales. They'll lose a bunch of lotto sales, probably, but you figure the overall number expands (especially with people crossing the river to make sports bets).
  
  I think online gambling is the future. Physical casinos will always be around for the experience, but the infinitely lower overhead with online gaming means states will be able to take a bigger cut of revenue while the operator can still make a profit.
• rydawg5

  I appreciate the lengthy, well-educated response towards my troll response.
• O-Trap

  

  gut;1397550 wrote:I think online gambling is the future. Physical casinos will always be around for the experience, but the infinitely lower overhead with online gaming means states will be able to take a bigger cut of revenue while the operator can still make a profit.

  I think you're going to be seeing physical casinos GETTING INTO online gambling for this very reason. Kind of the same way BP and Exxon have been getting into alternative energy R&D. Why not have a piece of both pies if you can, right?
  
  I don't think this will diminish revenues to casinos, as I don't see anyone who could go to a casino to gamble now opting instead to stay home and do it online, but I DO think it will simply increase the revenues in the industry overall.
• gut

  Oh there's no doubt online gaming will expand revenues.
  
  It WILL hurt Vegas, just as the expansion of national gaming and in Macau and elsewhere in the world has hurt growth. People always opt to gamble wherever is more convenient and closer. But Vegas is not going to have someone else taking their money. Plus it improves margins - why Vegas has experimented with electronic gaming devices and even in-room devices. But generally when you are there people prefer to go play a live table.
  
  But agreed the physical casinos aren't going anywhere. But as far as gaming revenues, the model in Vegas has already shifted to favor the whole entertainment experience - gaming is now like only 35% of revenues (fluctuates depending on hotel room rates) and over half of visitors don't even gamble.
• Firad

  

  reclegend22;1397423 wrote:Thank god I don't live in New Jersey. The only thing that stops me from losing everything is that each time I think it's a bright idea to gamble more money I have to drive all the way to the grocery store and rationally make the decision that I want to actually send cash by wire to a fictional filipino in Manila.

  haha I had set up an account and they told me to tell Western Union that I was just on vacation in the Philippines and needed to wire money my cousin "Wendell" who left $$$ in a bag of mine. I said no thanks, bruh!
• O-Trap

  

  Firad;1397585 wrote:haha I had set up an account and they told me to tell Western Union that I was just on vacation in the Philippines and needed to wire money my cousin "Wendell" who left $$$ in a bag of mine. I said no thanks, bruh!

  LOL! I love the Western Union people. Always offer to do PayPal and see what they say.