First: You don't need to be located in New Jersey to do internet business in New Jersey. Second: Majesco knows nothing about the successful implementation of any such venture and they have no internet gaming experiene; they have a small group in-house that does Android/iOS programming but that's about it - and they're not very good at it.
Not a chance... gambling licenses had to be filed some time ago and they have been winding through Congress... study Zynga. In addition, Majesco is a "family" game company and they do not have the cash to attempt introduction in internet gaming; it would consume everything they have.
Why do people fantasize about "what could be" instead of "what actually is"?