A recent report has been published that states the risk to money laundering within New Jersey is almost impossible.
The article claims that there is little to no incentive for criminal organizations to attempt to clean their money through online gaming sites online in the state due to the fact that there are many other ways this can be achieved and without as much oversight. The other methods are cheaper and much easier than attempting this online as those methods tend not to leave an extensive paper trail.
Many who are opposed to online betting in the States use the argument of money laundering to justify their position. However most make the arguments that the chances of this occurring are very unlikely. In fact, there are many who actually suggest that by America refusing to set laws that allow for internet betting, they are indeed promoting scrupulous operators who operate offshore to cater to Americans.
The rules in place for Jersey prevent money laundering as they require players to provide proof of identity, with only a limited number of forms of I.D being accepted. Also, money laundering is generally an international crime, not carried out locally plus when factoring in the bank act, which related to size of deposits etc, it all but eliminates those risks.
How this will affect other states opinions with their consideration of legalizing online casinos is yet to be seen but it is expected to be a move in the right direction.