Nevada makes history by legalizing online gambling

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Nevada Governor Brian Sandoval signed a bill into law yesterday legalizing online gambling. The Nevada Assembly and Senate were swift in passing the measure through to the Governor's desk. Nevada leapfrogged past NJ in the race for iGaming: NJ Gov. Chris Christie is expected to sign an internet gambling bill into law as early as Tuesday of next week.

Sandoval described the legislation as being critical to the state's economy. "This is an historic day for the great state of Nevada. Today I sign into law the framework that will usher in the next frontier of gaming in Nevada," said Sandoval.

A.G. Burnett, the Nevada Gaming Control Board Chairman, indicated there are already 20 applications from gaming operators, software and hardware vendors seeking online gambling licenses.

The legislation (Assembly Bill 114) contains a provision that will allow Nevada to enter compacts with other states that have larger populations, as Nevada itself has a population of less than three million. Nevada would considerably boost its revenue for iGaming if it struck an agreement with California. New Jersey meanwhile has a population of nearly nine million.

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