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State level politicians in New Jersey have begun working on amendments to an internet gambling bill that they passed last year and was conditionally vetoed by Governor Chris Christie last week.
Christie vetoed the bill, saying that he wanted the tax rates for cyber casinos to be raised from 10% to 15%. He also wants to see a ten year trial period for the act, which would allow the Garden State to opt out if the results are not beneficial.
A new vote on the modified bill is scheduled for February 26th and is expected to pass easily through the legislature, as state Democrats said that they support the changes.
Commenting on the developments New Jersey Senate President Stephen Sweeney said: “Internet gaming will be a crucial boost to Atlantic City as we continue our efforts to revitalize the area. The economic benefits to the region will mean additional revenue, additional jobs, and additional growth. It cannot be stressed enough how important it was that New Jersey be ahead of the curve on Internet gaming.”