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New Jersey Governor Likely to Veto Online Gambling Bill

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Just a few short weeks ago it looked like New Jersey would become the first state in America to legalise and regulate gambling online, but now it looks like New Jersey governor Chris Christie will veto the online gambling bill.

In early January lawmakers approved a bill to regulate online gambling in New Jersey to permit Atlantic City land casinos to operate online gambling websites, giving gamblers in the state the opportunity to gamble online legally for the first time.

However, that joy has rapidly turned into disappointment with the emergence of reports that Christie, a staunch Republican, is unlikely to sign the bill into law, seemingly because he is loathe to attach his name to the controversial internet pastime.

There is also speculation that Christie has presidential aspirations, and that supporting the legalisation of online gambling in New Jersey could hurt him politically. Add to that the fact Republicans have always been famously anti-online gambling.

If the bill does not go through, it will be a big blow to New Jersey in terms of the loss of taxable online gambling revenues that would help to top up state coffers hard-hit by the recession, as well as for many struggling Atlantic City land casinos.

The passage of the bill would result in billions of dollars in online gambling revenues and the creation of thousands of jobs. Plus, it would act as a benchmark for other U.S. states to follow in terms of regulating their own online gambling industries.

Christie has until Thursday this week (February 24th) to sign or veto the bill. However, if no action is taken, the bill will automatically becomes a law on Friday. If Christie vetoes the bill, the Assembly has the power to override his decision.

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