Two New Jersey state senators that are instrumental in expanding gambling in New Jersey wrote members of the U.S. House this week urging federal lawmakers to defeat the Restoration of America’s Wire Act (RAWA). New Jersey State Senators Ray Lesniak and Jim Whelan signed the letter that was obtained by John Brennan at Meadowlands Matters.
The letter asks U.S. House members to defeat HR 707. This bill would strip New Jersey of its right to regulate and legalize online gambling, a business it entered in November 2013.
Not only would this bill do nothing to curb unlawful online gaming, it would push dangerous black market vendors further into the shadows, putting adult consumers and children at even greater risk.
The letter goes on to state that RAWA does the opposite of its alleged intent:
In fact, the best way to deter dangerous criminal activity – including fraud, money laundering and terrorist financing – is to establish a well-regulated online gaming industry like the ones that have been implemented in New Jersey, Delaware and Nevada, as well as in many other jurisdictions in North America and around the world.
Lesniak and Whelan content that Congress already resolved this issue in 2006 and that New Jersey would lose important tax revenue and suffer economic loss if RAWA became law.