Nevada Online Gambling Bill on Fast Track - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Nevada Online Gambling Bill on Fast Track

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Nevada is on a fast track to be the first state in the nation to approve interstate online gambling.

Senate and Assembly judiciary committees unanimously approved AB114 on Thursday before quickly sending it to the Assembly where it passed unanimously.

The Senate was called back from recess at midday to vote on the bill and send it to Gov. Brian Sandoval.

In testimony before the committee, Sandoval said a similar internet gambling bill is pending in New Jersey. He stressed the importance of passing legislation in Nevada first to retain its status of respresenting the gold standard of gambling regulation.

He resolved a disagreement with the bill's sponsor over the licensing fee the state will charge, settling at $500,000. Assembly Majority Leader William Horne had wanted to charge $1 million.  (AP)

Nevada Assembly Majority Leader William Horne released the following statement after passage of AB 114.

"Today our legislature made clear that Nevada is the gold standard when it comes to gaming. This bill takes the steps necessary to ensure that online gaming companies can securely operate in our state with the peace of mind of an established gaming regulatory system. This bill will lead to expanded business, more jobs, and additional revenue to grow our economy."

House Speaker Marilyn Kirkpatrick released this statement:

"I want to thank Majority Leader Horne and Governor Sandoval for pushing this critical legislation. By passing this bill in an expedited manner, we continue to send a signal to the nation and the world that Nevada is the capital of gaming.  This legislation will combine our stellar regulatory infrastructure with larger markets that are seeking to legally participate in online gaming" said Speaker Kirkpatrick.

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