Gov. Chris Christie’s Moment Of Truth Approaching
With online gambling in New Jersey set to launch on Nov. 26, Gov.Chris Christie will have to put his money where his mouth is. Over the last few years Gov. Christie has been lobbying for the legalization of online gambling as way to attract visitors to Atlantic City and away from gambling hotspots like Las Vegas. His rationale has been twofold in that he aims to draw new visitors to the state as well as strengthen the existing brick and mortar casinos who have seen revenues drop from $5.2 billion in 2006 to just over $3.2 billion last year.
Christie went as far as to dub people visiting Las Vegas as “stupid” as they go all the way to the heat of the desert and would be better off enjoying the seaside ocean of Atlantic City.
While this argument sounds good, there are some critics who are asking the question if online gambling will actually succeed in putting more feet on the ground in Atlantic City. The idea is to ensure more visitors spend their cash on hotels, restaurants and other non-related gambling activities.
However given the chance to gamble online within the state, it can be argued that people will think twice before venturing out of their homes given the option of just clicking a button. Could the ease and convenience of internet gambling actually harm both the land casinos as well as the Atlantic City economy?
While both sides argue their point pretty well, Gov.Christie will have a lot to answer should his push to legalize online gambling actually backfires. It will be interesting to see how this scenario folds out in the coming months.