"FIRST GAMBLING COMPACT:"
- Delaware Governor Jack Markell and Nevada Governor Brian Sandoval signed the country’s first multi-state Internet gambling pact.
- The compact will allow people in both states to play online poker against each other.
- The Governors from both states have expressed hope that other states will soon join in their efforts.
- Although the technology is not yet ready, the Governors noted that the gambling agreement establishes a legal framework that will allow both states’ residents to play against one another.
- Before signing the agreement, Governor Sandoval said, “I consider this a landmark intersection in the road of gaming history.”
- Both Governors indicated that the agreement could have the effect of making online gambling more attractive for players, while increasing potential revenues for the states involved.
- Although the agreement is limited to only online poker, the language offers the possibility of additional games and states as members of the multi-state Internet gaming association in the future.
RESPONSE TO "NEIGHBORLY" COMPETITION:
- Governor Markell characterized the agreement as a “natural next step” to protect Delaware’s gambling industry.
- Reports suggest that competition in Maryland has negatively impacted Delaware’s brick-and-mortar casinos, which have generated a significant amount of its annual tax revenue in the past.
- Under the agreement, players from each state must play within their respective state’s boundaries.
- The agreement also includes a set of minimum regulatory standards that states would have to follow in order to participate.
- An association formed as a Delaware limited liability company will oversee the agreement.
- The association will have a governing board of one representative from each state.
- This first of its kind, multi-state Internet gambling agreement is a step towards nationalizing online poker.
- Right now, Delaware, Nevada and New Jersey are the only states to have legalized online gambling, but several other states are presently considering draft legislation.