Here is the weekly recap of the top legal news in the Internet gaming world for the week of October 13 - 17:
- New Jersey Internet Gaming Revenue Down Slightly in September
- Ireland Follows UK Lead on Licensing and Point-of-Consumption Tax
- New Jersey Division of Gaming Enforcement Ready to Approve Skill-Based Gaming
New Jersey Internet Gaming Revenue Down Slightly in September
Internet gaming win in New jersey was down slightly during the month of September, dropping from $10.5 million in August to $10.2 million in September. Borgata continues to be the industry leader with 33% of the market share.
Another 24,885 were created in September, a total now of 456,502 to date – that is a 5.8% increase from August.
Click here for a complete breakdown of September revenue numbers in New Jersey.
Ireland Follows UK Lead on Licensing and Point-of-Consumption Tax
It was reported here that Ireland’s Minister of Finance will be introducing Internet gambling regulations that would target foreign operators accepting bets from Ireland. The new regulatory regime follows much of the UK structure that is set to begin November 1st now that the challenge to the UK Gambling (Licensing & Advertising) Act has been defeated – click here for more info on the UK court battle.
Under the proposed regulatory structure, Internet gaming operators would be required to obtain a license in Ireland and pay a point-of-consumption tax on all bets placed from within Ireland’s borders.
New Jersey Division of Gaming Enforcement Ready to Approve Skill-Based Gaming
On Tuesday, the New Jersey Division of Gaming Enforcement announced it is accepting applications Skill-Based Gaming Applications.