After several years of waffling and vetoing, New Jersey Gov. Chris Christie finally finalized Assembly Bill A2578 into law this week, opening the door for online gambling to begin in a legalized, controlled environment in New Jersey. The move arrived just per week after Nevada Gov. Brian Sandoval rapidly approved their state's online gambling legislation; both states made sure they had provisions included that could allow for interstate compacts, to ensure gamblers from outside their specific jurisdictions could enter on the action.
But do not fire up your computer systems just yet in either state.
Could Be Months Before Gambling Comes Online
Even though new bill stipulates that actual online wagering must begin in brand New Jersey between 90 and 180 times of the measure's signing, Caesars Entertainment Corp. CEO Gary Loveman was dubious. Loveman stated in an interview this week that the actual launch times might be similar to 18 to 24 months, and considering Nevada's current not-much-faster-than-mud example, that's probably more realistic: the Silver State's earliest online poker licensees have already wanted and received extensions on their original launch dates. Presumably, just the mechanics and technology, particularly with the element that is added of players and exactly how taxes and regulations would work there, are extremely complex and unlike before the game was legalized, all i's and t's will need