New Jersey Casino Revenue Grows Quickest in post-Able Era

Today, Las Vegas is home to the largest casino resorts in america, along with more than 100 satellite gaming casinos throughout the United States. Indian gaming has a wide assortment of industry operations, from full casino operations with full casino facilities and slot machines to much smaller operations offering simpler games such as bingo, simple blackjack, and video poker. This diversity within the industry allows for a far wider variety of gaming experiences for many visitors to this world’s biggest casino hotel.

The Pai Gowdy government approved the creation of the Indian Gaming Commission (IGC) in response to the U.S. Congress authorizing the creation of a fully operational U.S. casino in Indian gambling facilities located on tribal lands. Due to the Pai Gowdy administration, every tribe had total authority over its gaming facilities, such as policy and licensing matters, oversight and management of gaming revenues, and operation of the facility. However, despite having full control over their casino authority, many tribes still have long been dissatisfied with how the IGC has handled policy, licensing, and supervision difficulties. The shortage of long-standing and binding regulations has caused a vacuum that has allowed for rampant corruption among gaming commission members, officials, as well as amongst third-party builders working on casino site facilities.

Most gaming industry observers agree that the lack of IGC regulation is the top cause of the increased corruption within the gaming industry, but corruption in the political system extends beyond the gambling industry. Even though the Gaming Control Act does not specifically mention any cases of corruption by gaming license holders, most gambling officials and specialists assert that corruption runs rife in all facets of the Indian gaming industry, from tribal gambling to online gambling to resort gaming. In the gaming business, corruption has become a norm instead of an exception. There are many examples of politicians and other public officials who have accepted kickbacks from several casino license holders, gambling facilities, or individuals involved in the gambling industry in order to secure gaming funding or favors. Although there is presently no evidence linking any politician to the scandals that have tarnished the gaming industry in the past two decades, politicians have been susceptible to pressure from special interest groups.

Gaming revenue accounts for roughly twenty percent of the Indian gambling revenues, but the absence of direct regulation have allowed corruption to become endemic. Gaming companies pay heavy commissions for their licensed dealers for each and every person, they recruit, including their wives and children. Without the existence of a gaming commission, gaming companies have no means of ensuring that they don’t bribe their workers with access to gaming licenses for the sole purpose of recruiting more traders and increasing their profits. This method has led to thousands of casino jobs being provided to people with ties to gambling commission officials, including children and even relatives of current and former politicians. The lack of direct regulation has allowed political patronage to become the most lucrative industry in India.

Not only is direct patronage of the most lucrative industry, in addition, it presents the most direct conflicts of interest in Indian politics. When elected officials rely on contributions from one source, it becomes extremely hard to control any given sector of the market. By way of instance, there are no restrictions on how much cash an MLA can get from one political campaign finance. Further, no one is ever held accountable for the billions of dollars in subsidies that the gambling industry receives each year. In the event of the Atlantic city casinos, these funds are funneled through the gaming commission, where they are utilised to pay for the luxurious lifestyle of politicians and other officials while Indian citizens have been left to fend for themselves.

Even when politicians do get campaign contributions, they seldom disclose the origin of the funds. If the donors are corporations, there is no need to publicly release information regarding their donations since they will ultimately be used for the political campaign expenditures. But if the contributions come from people, the gambling commissions will need to make public statements about who is funding specific projects. As an example, if a politician receives a five hundred thousand dollar campaign contribution, that donation could be classified as a wagering tax. If this politician then uses the funds to remodel his home or to purchase a yacht, he would be violating the law.

So, why is there so much political interference in Indiana gaming regulation? First, the majority of the politicians that are responsible for the nation’s gaming policy are themselves members of the gambling market. Additionally, a number of the state representatives have received campaign contributions from casino builders and gaming affiliates. The result is that there’s an immense quantity of interplay among all of the stakeholders. By way of example, a number of the legislature’s decisions are being held hostage by the legislature’s liberal wing, which is demanding more liberalization of the gaming laws so as to allow more casino gambling in the state.

Luckily, however, there are a few officials in the state of New Jersey who have a vision for the gambling market. Two of the state representatives are attempting to use their celebration connections to help pass a bill that will eliminate some of the burdensome regulations that currently apply to the Atlantic city. If the bill were to pass, there will be increased funding for the state’s Gaming Commission, which is intended to increase both gambling and tax revenues. Unfortunately, however, this type of legislation usually does not make it out of committee, so expect increases in New Jersey casino revenue in 2021.

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