New Jersey Legislature To Vote On Revised Gaming Bill

The New Jersey state legislature is scheduled to vote on an amended internet gambling bill on Monday that is expected to be signed into law by the state's Governor should it pass.

The original bill was vetoed by Republican Governor Chris Christie because he said he would like to see the tax rate on internet operators raised to 15% from the 10% written in the bill. Christie also demanded that the bill include an opt out clause that the state can enact if it is not pleased with the results of the legalized gambling after ten years.

The bill is expected to easily pass through the legislature as members of both major political parties have backed the bill, noting that it may possibly revive a declining Atlantic City and stave off layoffs at many of the large Shoreside casinos.