Christie signs New Jersey online gambling legislation

[The Buzz]

Well that didn't take long. The New Jersey legislature took up the revised online gambling bill that Chris Christie sent back to them at 2 p.m. today. Both the Assembly and the Senate passed the bill by overwhelming margins, and Christie signed the bill before 3:30 p.m.

Christie signs New Jersey online gambling legislation
By Aaron Todd

New Jersey Governor Chris Christie signed into a law Tuesday a bill that makes the Garden State the third state in the U.S. to license and regulate the online gambling. Christie’s stamp of approval comes just 19 days after he conditionally vetoed similar legislation.

Like Delaware, New Jersey’s online casino operators will be able to offer any games that are available at brick-and-mortar casinos. Nevada expanded the scope of its online poker only regulations last week.

There was little doubt as to whether the revised legislation would pass. In his conditional veto, Christie requested changes to the tax rate (increasing it from 10 to 15 percent of gross gaming revenue), additional money for problem gambling groups and a 10-year sunset period.

Sen. Ray Lesniak, one of the bill’s most ardent supporters, indicated in earlier media reports that those changes would pass easily, and he was right. The bill passed 68-5 in the Assembly and 34-1 in the Senate. Less than an hour later, Christie signed the bill into law.

“New Jersey has gone ‘all in.’” said John Pappas, executive director of the Poker Players Alliance. “Residents now will have access to a safe and regulated online gaming market, and the state will have a new source for revenue and job creation -- something the federal government has failed to do thus far.”