Quantcast

Thursday October 23, 2014

Christie Issues Conditional Veto for NJ Online Gaming Bill

Atlantic City, NJ

Atlantic City, NJ (Photo credit: omerka)

New Jersey Governor Chris Christie has issued a conditional veto that, if approved by legislation, will allow online gambling as an effort to save Atlantic City, the New York Post reports. Christie initially vetoed the bill but then set forth certain conditions. One condition is that the tax on online gambling winnings will increased from ten percent to 15 percent.

With the bill, only New Jersey residents will be able to participate in online gambling, but they’ll be able to do so from anywhere in New Jersey. Christie feels this will increase revenue significantly in the 12 Atlantic City casinos that have seen falling revenue for six years straight.

The New York Post