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Governor Christie Finally Persuaded to Sign Online Gambling Bill

Governor Christie Finally Persuaded to Sign Online Gambling Bill

After years of work New Jersey’s Governor Christie has finally signed an internet gambling bill into law.

Governor Christie Finally Persuaded to Sign Online Gambling Bill

After years of campaigning, Governor Christie has finally signed an online gambling bill into law.

Over the past three years state Senator Ray Lesniak has been trying to persuade Christie to sign the legislation.

Earlier this month Christie vetoed an earlier version of the bill and requested a number of changes such as increasing the tax from 10% to 15% and a raise in the funds given to problem-gambling programs.

The changes were incorporated into the bill and it went back to vote in the Assembly in an emergency session on Tuesday and then onto the Senate vote. The Assembly vote was 68-5-1 and the Senate vote was 35-1.

Christie said that he is no “confident that 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.”

Last month Christie expressed concerns about online gambling saying that it may “drive traffic away from Atlantic City” which is “contrary to what we’re trying to accomplish”. However, he was finally appeased and it is expected that New Jersey residents will be able to start gambling online as soon as September.

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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