New Jersey Follows Nevada Into Legalized Online Gambling

Good times are coming to New Jersey as Gov. Chris Christie signed the much anticipated bill on Tuesday which makes them the third state after Nevada and Delaware to offer online gambling. As we reported a few weeks ago Christie sent back the proposed bill in order to make amendments which would allow a bill which conditionally approved internet gambling.

This historic bill did not come easy and came about after many previous attempts. The updated bill will allow a 10 year trial period and is aimed at helping the ailing land casinos. The hope is that online gambling is that it will help New Jersey become competitive with other states.Estimated projections are that over $436 million could be made in 2014 which is up from $235 million in this fiscal year.

There are over 9 million New Jersey residents who will now be able to gamble online on an interstate level. Gov. Christie said in a statement,” We are offering a responsible yet exciting option that will make Atlantic City more competitive, while also bringing financial benefits to New Jersey as a whole.”

As we reported last week Nevada only just beat New Jersey to the punch to become the first state to officially legalize online gambling.There is no doubt that this groundbreaking development will result in gambling company’s stock price soaring again.

Be Sociable, Share!

Leave a Reply

Your email address will not be published. Required fields are marked *