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New Jersey on Track to Legalize Sports Betting

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New Jersey gambling industry is going to see a big change in the form of Esports betting once the related bill gets passed in the NJ Assembly. It will not just introduce a plethora of entertainment opportunities for NJ players but also help to increase the value of the state revenue. And post the implementation of this new sports betting legislation, the overall revenue of the state will see a sky-rocket growth.

Currently, the global gambling industry stands at $4.58 billion (2019) and technology advancement has been playing a crucial role in increasing the demand for online casino games as well as sports betting. This boost in the online gambling industry has not just offered business opportunities for casinos and sports betting companies but it has also contributed to increasing the development of various sectors in New Jersey.

In the year 2018, the state had already introduced the sports-gaming law that legalized the in-person and online sports betting for the general population. Citing the example of the legalization of casino games and online sports betting, Assemblyman Ralph Caputo (D-Essex) sponsored the legislation to call for the legalization of esports betting under the 2018 sports gaming law.

The bill has been receiving huge support from partisan and it is about to get passed to legalize esports games in New Jersey. The sole motive of this bill is to make esports legal and popular. It will allow people to place bets on esports, especially on League of Legends in order to win a huge amount into their pockets. Many stakeholders will get benefitted due to the popularity of esports competitions just like sports betting. And New Jersey, as well as the global online gambling market, will see a big boost in the coming time.

After the one time permission granted by DGE in 2018, New Jersey’s gambling operator, many sportsbooks offered odds for League of Legends World Championship and this offer received a humongous response from online visitors. Hence, the discussion on legalizing esports is not new for New Jersey people. In the US, esports is not fully acceptable and hence online sportsbooks do not offer odds for tournaments falling under this category.

Since esports enjoy a huge demand among people and hence the legalization of esports under sports gaming law will simply make New Jersey a prominent place to offer opportunities for esports tournaments. After Nevada, it will become the second place to do so. Other than this, it will also become possible to keep a check on the illegal and unlicensed gambling operators working in New Jersey.

In addition to this, it will also offer more security to gamblers in the online betting market as it will become possible for gambling operators to put a check on online crimes happening in the New Jersey gambling industry. Legalization of sports betting has been receiving a lot of attention in many states of the US and it is in high demand to produce a high revenue for the other development works.

After the passing of the new sports betting act in New Jersey, it will be easier to generate enough funds for the development of educational and other important institutions in order to provide better facilities to the people of the state. It will also give a new boost to the global gambling industry and open more options for people to invest their money in different games in addition to entertaining themselves at the same time.

According to NJGamblingFun, New Jersey casino operators earned over 482 million dollars in profit in 2019 and the tax from this earning simply contributed to the revenue of the state to a great extent. And the December month of 2019 saw a record-breaking earning ($49.3 million) and this earning played a crucial role in taking the total to a huge value. New Jersey Games Application Division announced this news on its official platform in the month of January.

If we compare it with the statistics of the year 2018, then the December month revenue in 2019 witnessed a hike of about 70%. Until now, the process of legalizing the esports betting is underway, people have already started expressing their expectation from this bill.

This simply indicates that New Jersey people are so eagerly waiting for this new change in the world of esports. Under the bill, it has been mentioned that only the guidelines mentioned in the 2018 sports gambling law will be accepted and it has to comply with the stated standards of the DGE.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

Bringing clean water – Christopher Kenny’s Preservation Earth Project

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Science plainly shows that a human can survive three weeks without food, yet most individuals cannot survive three to four days without water! Dehydration sets in, and the person will go into shock and become vegetative even if they continue to breathe. In other words, water is an essential requirement. A living thing cannot thrive without it. Nonetheless, it is a horrifying truth that billions of people worldwide lack access to safe drinking water. 

In developed countries, when everything from technology to luxury is available, receiving clean water at home is as ‘natural’ as breathing fresh air. Most individuals in advanced nations may not pay much attention to it, but this is not the case for the rest of the globe. Many countries continue to lack access to clean water sources or water appropriate for human use. Safe drinking water, sanitation, and hygiene at home should not be limited to the wealthy or those who live in cities. These are some of the most fundamental human health requirements, and all countries must ensure everyone has access to them.

The Preservation Earth Project (PEP) made its way to Tsaile, New Mexico. Over time, uranium mining, fracking, and pesticide abuse damaged the water supply, resulting in a high occurrence of numerous illnesses. Approximately 35% of the Navajo people do not have access to flowing water, and some must go to a remote location to fill barrels with water from a polluted local spring. 

There is no doubt that climate change is boosting storm strength. Recent natural catastrophes have heightened the need for groups to step up and give support, answers, and relief to individuals affected by such natural disasters. The Preservation Earth Project is a non-profit organization that provides support, education, and solutions to help society transition from fossil fuels to renewable energy.

A look back at Christoper Kenny’s life

Chris Kenny was born in Summit, New Jersey, on May 4, 1961. He was one of twelve children. In 1980, he received a B.A. in economics and finance from Warren Wilson College in Swannanoa, North Carolina. He also attended New York University, earning a commercial real estate management degree from the Schack Institute. Since 2018, he has served as the head of Strategy and E-trading at Hartfield, Titus, and Donnelly. Kenny started his career in the U.S. In 1985. He worked as a Treasury Bond Broker. He formerly worked at Bonds.com as the director of fixed income sales and technological development. His academic background is in business and finance. Chris is passionate about developing and promoting renewable energy, mainly when it is used to assist people in need. The potential to aid those in urgent demand as a result of a human-caused environmental or natural disaster is not just a philanthropic act but also a once-in-a-lifetime educational opportunity.

He used solar power on mobile platforms as a backup power source for emergencies, water purification, and water pumping.

His academic credentials are in business and finance. Chris is passionate about developing and promoting renewable energy, mainly when it is used to assist people in need. The potential to aid those in urgent need as a result of a human-caused environmental or natural disaster is not just a philanthropic act but also a once-in-a-lifetime educational opportunity. He has over 38 years of experience in finance as a salesperson, broker, trader, and investor.

Making clean water available to everyone

In 2012, Kenny founded The Preservation Earth Project, a 501(c)(3) non-profit organization. It provides assistance, education, and alternative energy solutions to help society shift to renewable energy. It was involved and aided Haiti several times after the 2010 earthquake, providing portable solar electricity for water purification and medical facilities. In 2020, the business devised a solution for the Navajos’ contaminated water source. They collaborated with engineers and local officials to build, produce, and install a solar-powered water filtration system for the Navajo people of Tsaile, New Mexico. Other activities have included providing portable solar power to the “Cajun Navy” for rescue and clean-up in areas devastated by the 2015-2021 hurricane season in Louisiana. 

The project designed, delivered, and installed a solar-powered filtration system that will provide clean drinking water to the local Navajo community 365 days a year for many years to come. Several more initiatives are in the works to provide safe drinking water to Native American communities on the Navajo Reservation.

President’s letters of gratitude

President Jimmy Carter sent Chris two heartfelt letters encouraging him to continue his charitable work. He suggested calling Habitat for Humanity and asking if they were interested in collaborating on a few projects. He and Kenny both helped out at the charity. 

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