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US – Fast-tracked Nevada online bill signed into law

By - 22 February 2013

The Nevada Governor  Brian Sandoval, has signed legislation legalising online gambling in Nevada, with lawmakers passing the bill through the Assembly and Senate as an emergency measure in the state’s effort to race its rival New Jersey to the finish line. New Jersey Gov. Chris Christie previously vetoed an online wagering bill, but has indicated he may sign an amended version soon.

Sandoval and Nevada legislative leaders said it was important for Nevada to remain at the forefront of gambling regulation.
“This is an historic day for the great state of Nevada,” said Mr. Sandoval. “Today I sign into law the framework that will usher in the next frontier of gaming in Nevada. This bill is critical to our state’s economy and ensures that we will continue to be the gold standard for gaming regulation.”

AG Burnett, chairman of the Nevada Gaming Control Board, said the state already has about 20 applications from various operators, equipment and software vendors to be licensed for online gambling. AB114 authorises Nevada to enter into compacts with other states to offer Internet poker. It sailed through both the Assembly and Senate after a joint hearing before the two judiciary committees.
Gambling regulators will now come up with regulations dictating compact parameters.

Lawmakers in 2011 passed a bill that put Nevada in position to legalise Internet gambling if the federal government sanctioned it. But when those efforts failed in Congress, Sandoval said Nevada would work toward agreements with other states.

The bill resolves a disagreement between lawmakers over licensing fees. Under a compromise, the fee is now set at US$500,000 and gives the Nevada Gaming Commission authority to change the amount. A renewal fee is set at $250,000.

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