Internet gambling bill signed by NJ Governor Christie
Breaking News: New Jerseyans may celebrate at last! Governor Chris Christie signed a bill into law this afternoon legalizing internet gambling. Christie conditionally vetoed the bill earlier this month, proposing a number of changes he wanted to see implemented before signing. He famously vetoed similar legislation two years ago.
The NJ Senate adopted all of the Governor's requests, including charging casinos at a higher tax rate (from 10 to 15%), adding more funds to deal with problem gambling, and requirements for lawmakers and officials to disclose personal interests with companies that seek gaming licenses.
Bill A2578 reads in part as follows: "In order to participate in Internet wagering, a player must be physically present in New Jersey whenever a wager is placed by that player. Each licensee that conducts Internet wagering must be able to verify that a player is physically present in New Jersey when placing a wager."
NJ has made the headlines of gaming sites for much of the last twelve months. Between their quest for internet gaming, one casino adding TV betting, PokerStars' proposed purchase of an Atlantic City casino, as well as their fight in federal court to overturn a federal statute to add sports betting: It has been quite a ride.
New Jersey gamblers are ready for what's next. | Discuss in forum
Related iGaming news: SBR reported last week that Nevada Governor Brian Sandoval signed a similar bill legalizing online gambling.
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