The Governor of New Jersey Chris Christie as signed a bill that allows online gambling within the states borders. The motive behind this is that he hopes that it will improve the states revenues and revive Atlantic City casinos. This move will legalize Internet gaming to 9 million residents within New Jersey. This will also create opportunities for European firms with expertise in online gaming operations.
New Jersey is now the 3rd State to allow online betting, the first two being Delaware and Nevada.
The New Jersey state could now see a large increase in state casino revenue due to legalizing online gaming. It is estimated $436 million in fiscal 2014 from $235 million this fiscal year, which ends June 30, according to budget documents.