New Jersey Governor Christie Signs Law Allowing Online Bets
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New Jersey Governor Chris Christie signed legislation authorizing online gambling in the state, setting off a national horse race over a business forecast to reach $13.4 billion in five years.
The governor, a first-term Republican seeking re-election, signed the bill yesterday. Christie said the measure will help New Jersey’s struggling casino industry and projected an 85 percent increase in his state’s casino tax revenue from online gaming and an economic recovery.