New Jersey Veto May be Best for Online Gambling
Residents of New Jersey let out a collective sigh yesterday as news filtered through that governor Chris Christie had vetoed the bill to legalize online gaming in the state, effectively wiping out $55 million in potential tax revenue. While the rejection might be bad in the short term it may be a blessing in disguise for the long term.
Indeed, one of the biggest lobbyists against the bill was Harrah’s as they believe that any intra-state legislation would affect the passing of federal law. Moreover, Gov.
Christie stated that he wanted to sidestep the bill in order to support the federal bill being proposed by Barney Frank and John Campbell which would allow overseas operators to offer online gaming to US residents.
This is due in April and could finally signal the re-legalization of online gambling and poker in the US.