Bill AB114 was unanimously passed by the Nevada State Legislature, including both the Senate and the Assembly last Thursday. It was signed and made into law by Governor Brian Sandoval on the same day that legalized intrastate gambling in New Jersey was taking place.
This has been considered to be an emergency measure, since Nevada rushed to beat Chris Christie, who will sign the same legislation in New Jersey next week.
Nevada is still at the forefront of the gambling market, especially now that online gambling is being legalized for the first time in the state. This will give them the possibility to net millions of dollars in licensing and fees. Players can now play online poker legally all throughout the country if other states go into agreement with Nevada.
Sandoval was quoted in saying,
This is an historic day for the great state of Nevada.
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.
Gambling across state lines was considered illegal because of the Wire Act yet later in 2011, the Court of Appeals altered this and it was applied only to sports betting. Now that it has been approved and legalized, online gambling can be enjoyed by all players from states that partner up with Nevada. Officials say they do not have great concern in convincing other states to join such a partnership.
An expanded customer market is an advantage Nevada will be receiving once it partners up with other state and in return, these states will be provided with expertise in gambling regulations.
Pete Ernaut, a Nevada Resort Association representative said,
It’s imperative for the success of this that we compact with other states because we don’t have a universe of players. The benefit for other states is Nevada’s ‘most mature regulatory infrastructure. We have the most mature financial, auditing and collection capabilities, much greater than some of those states, and they have the players.
Nevada has always led the entire USA in the field of gambling. Land-based casinos are all over the area and have been providing entertainment, fun and enjoyment to the public at large. It has also greatly helped the state’s economy and is now having a much larger scope while there is no telling how much more income this change could potentially bring.