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Nevada Becomes First State to Legalise Online Poker

Nevada Becomes First State to Legalise Online Poker

Last Thursday officials in Nevada rapidly approved a law to make it the first state to authorize online gambling.

Nevada Becomes First State to Legalise Online Poker

Nevada has beaten New Jersey and become the first state to regulate and license online poker.

Nevada Governor Brian Sandoval signed the law and claimed it as a “historic day for the great state of Nevada.”

Sandoval said that “the bill is critical to our state’s economy and ensures that we will continue to be the gold standard for gaming regulation.” However, it will probably be a while before the first online bet is placed in Nevada. There are still numerous obstacles to overcome.

The new law has created a licensing and regulation system for online poker games and the state will be hoping to have its system up and running within a few months.

It is thought that intrastate online poker will bring about $3 million a year to Nevada; however, the aim is to negotiate a deal with other states which will allow the expansion of online gaming.

This would mean that Nevada would supply the licensing and regulation for the whole of the US, a market that is thought to be worth up to $10 billion each year. The global market could be worth as much as $30 billion a year.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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