Christie ready to sign N.J. internet gambling bill

Feb 25, 2013 10:03 AM

In a report filed Monday in the Press of Atlantic City, New Jersey lawmakers have agreed to make the changes in the Internet gaming bill that were recommended by Gov. Chris Christie, thus making it possible for the bill to become law on Tuesday, Feb. 26.

Originally, Christie vetoed the bill when it reached his desk. However, he told the state’s lawmakers that he was prepared to sign on to Internet gambling provided the law was changed to raise the tax from 8 percent to 15 percent.

Internet gambling supporters are predicting that the bill will spur gambling revenues to as high as $1.2 billion within five years.

Christie’s action comes on the heels of similar legislation signed by Nevada Gov. Brian Sandoval last week. Also joining the Internet gambling fraternity is the Commonwealth of Delaware. Nevada’s Internet gambling law differs in that it focuses on poker while New Jersey opens the door to all forms of gambling.

Nevada officials believe that their new Internet gaming law will permit the state to establish compacts with other states that have approved Internet gambling in order for them to conduct interstate poker games. 

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