http://m.pressofatlanticcity.com/news/press/casinos_tourism/gov-chris-christie-expected-to-sign-bill-allowing-internet-gambling/article_c03ef46c-7eba-11e2-8a4d-001a4bcf887a.html
By HOA NGUYEN Staff Writer
Lawmakers are expected to concur with Gov. Chris Christie on changes he made to an Internet gambling bill, clearing the way Tuesday for the legislation to be signed.
If enacted, the legislation would make New Jersey the third state to offer some form of Internet gambling, behind Nevada and Delaware.
As part of Christie’s recommendations, the legislation would have a life of only 10 years, after which lawmakers must reauthorize the legislation for Internet gambling to continue.
Unlike gambling revenue won on the casino floors of Atlantic City, which is taxed at 8 percent, Internet gambling revenue would be taxed at 15 percent. All equipment, with the exception of temporary backups, would have to be located in an Atlantic City casino.
Assemblyman John Amodeo,cq R-Atlantic, said experts have predicted that in five years, Internet gambling revenue may reach as high as $1.2 billion.