A draft of proposed Internet gambling regulations is expected to be published by the New Jersey Division of Gaming Enforcement on June 3rd in the New Jersey Register. A public comment period will be open for a 60-day period.
The draft regulations are up now on the Division's website. Reviews coming in on the regulations, for the most part, have shown they look good from the players' side of the table.
"There are a few things we'll probably look into in the general comment period, but overall the regulations seem pretty fair," said John Pappas, executive director of the Poker Players Alliance (PPA).
Pappas has voiced two concerns of the PPA — the log in process and forfeiture of money on dormant accounts.
- Players must verify their identities by using a PIN, a password, and answer two or more challenge questions each time they sign in.
- A player account that has been dormant for a year will find their funds forfeited.
"The PPA would like to see some clarification of that standard," Pappas said. "The operator should need to make every best faith effort to contact the holder of the account through all various channels. We assume they will have phone numbers, emails as well as physical addresses. It's also unclear where moneys will be forfeited."
On the plus side for players:
- Deposits options include credit and debit cards, checks, money orders, or even at an Atlantic City casino in person.
- All account balances will be held in a separate New Jersey bank account.
- Players will be able to file a complaint with the Division of Gaming Enforcement who have an issue with unfair treatment by a site.
- New Jersey's rules allow future partnering with other states or countries where Internet gambling is legal, which creates a bigger player pool
With the race on for 'first' between the states in legalizing and regulating full Internet gambling, it appears that New Jersey is at the top for developing regulations. The time period for public comment on the regulations will end on August 2nd, and once the Division of Gaming Enforcement reviews and responds to all comments, the final adoption would take place.
"New Jersey has once again proven to be in the forefront of casino gaming with the development of Internet wagering regulations for all casino games," said David Rebuck, director of the Division of Gaming Enforcement. "I commend Division staff for their commitment and diligence to developing regulations that ensure both effective oversight and the integrity of operations."