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Nevada, New Jersey Legalize Online Casino Gambling

Posted On: 2/28/2013

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TAGS: Internet gambling, online gaming, Nevada Internet gambling, New Jersey Internet gambling, legalized Internet gaming, Brian Sandoval, Assembly Bill 114, Chris Christie, Delaware Internet gambling

CARSON CITY, NV and TRENTON, NJ -- The race is on to be the first U.S. state to launch legalized Internet gaming. Nevada Gov. Brian Sandoval signed on Feb. 21 hastily passed online gambling legalization (Assembly Bill 114). In New Jersey on Feb. 26, less than three weeks after he vetoed a previous online casino bill, Gov. Chris Christie signed into law a revised measure to legalize Internet gambling.

Nevada passed online gambling legalization in 2011, but its implementation was conditional upon Congress voting to legalize the activity nationwide. The state's new bill targets the Nevada market only, as required by current federal law, but allows the state to cooperate in some ways with other states that legalize gambling for their citizens.

New Jersey's law mandates a 10-year trial period for online gaming and a 15% tax rate on casino profits from the program; Christie had insisted on both provisions. Supporters said online gambling could generate up to $1 billion a year in revenues and nearly double New Jersey's tax take from its Atlantic City casinos. Under the new law, those casinos are the only entities permitted to operate online gaming, and only New Jersey residents are authorized to play.

Meanwhile, Delaware government officials have invited gaming companies to submit bids designed to get online gambling up and running in their state by Sept. 30.