In today’s world of rapidly expanding gaming options, the importance of proper licensing is often overlooked. However, industry expert Michael Pollock emphasizes that gaming licenses should be seen as a privilege, not a given right.
Lawmakers have a variety of options when it comes to setting gaming policy in their states, and these options have only increased in recent years. One such option is distributed gaming, where slot machines can be found in various locations without proper licensing or regulation. Before considering such policies, lawmakers should think about how they might affect other forms of gaming and public confidence in gaming regulation.
As someone who has been involved in gaming policy for nearly 50 years, I have seen firsthand the importance of a licensing system based on good character, honesty, and integrity. This system gives licensees the confidence to invest capital and operate within a framework that the public can trust.
Many states are now facing the challenge of dealing with unregulated gaming within their borders. The temptation to simply grant licensure to these unregulated offerings may seem like an easy solution, but it could have far-reaching consequences. It could increase competition with other licensed forms of gaming and impact future investment decisions and public policies.
The regulation of gaming is not a simple task, but it is essential for maintaining public trust. Lawmakers must ensure that games are fair, revenues are accounted for, controls are in place to prevent underage gambling, and stakeholders are focused on responsible gaming practices. Most importantly, operators must demonstrate good character, honesty, and integrity to earn the privilege of a gaming license.
Looking back at New Jersey’s history of building a trusted gaming industry, it is clear that licenses were earned, not given freely. Lawmakers across the nation should consider this history and make decisions that may not be easy, but are ultimately the right choice for the industry’s health and integrity.