Under the bill sponsored by state Sen. Ray Lesniak, D-Union, poker, baccarat, and other classic casino games could be played by New Jerseyans while within the state's borders — with New Jersey collecting 20 percent of the annual gross gaming revenues or more than double what Atlantic City casinos take.
William Pascrell III, a lobbyist for the online poker bill, said the state is experiencing a "perfect storm" — an economic recession coupled with struggling horse racing and Atlantic City casino industries. All three issues, Pascrell said, could be addressed by allowing online casino gambling. A portion of the proceeds could go to the state Treasury, another portion could subsidize horse racing revenues and casinos also would benefit, he said.