Governor Sandoval Signs Online Gaming Bill - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Governor Sandoval Signs Online Gaming Bill

Courtesy: Office of Governor Brian Sandoval Courtesy: Office of Governor Brian Sandoval

Governor Brian Sandoval has signed Assembly Bill 114 into law. The new law fully legalizes interactive gaming in Nevada.

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

In testimony before the committee, Gov. Sandoval said a similar internet gambling bill is pending in New Jersey.

"This legislation, today, finally opens the door to allow Nevada licensees or those who would get licensed in this area to get engaged in online gaming," Gov. Sandoval told us earlier today.

The previous law meant online gaming licenses would not be effective until the federal government gave the okay. The new law bypasses that regulation giving Nevada a head start in a fiercely competitive national arena.

The ability to offer gaming outside of Nevada's borders is also something lawmakers say will bring millions of dollars of tax revenue into the state.

"Online gaming is a multi-billion dollar industry and we've been missing out for years on that revenue and we hope to start benefiting from it," says Assembly Majority Leader William Horne.

The tax rate on interactive gaming would be about 16%. Revenue would be split among the federal government, the state where the player lives, and the state where the company is based.

Senator Horne sponsored the bill and says there is very little opposition to this.

And while some worry it could hurt casinos in Nevada, he and the governor say it should actually help them.

"I don't understand if thre are any brick and mordars that are opposed to this. This is a great opportunity for them to get into a new area of gaming," says Gov. Sandoval.

The law also means anyone that has been operating an illegal online gaming company cannot apply for a license for five years or apply for a waiver if they think they haven't broken the law.

Governor Sandoval made the following statement after signing Assembly Bill 114, internet gaming legislation:

"This is an historic day for the Great State of Nevada. Today I signed into law the frame work 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.

"I want to thank Assemblyman Horne for his work on this very important issue, and Senate and Assembly leadership for making this legislation a priority. This effort shows what we can accomplish when we put our party labels aside and work together as Nevadans."

(The Associated Press also contributed to this report.)

  • Today's Top StoriesMore>>

  • Aces Thump River Cats to Pull Even

    Aces Thump River Cats to Pull Even

    Friday, August 29 2014 3:11 AM EDT2014-08-29 07:11:56 GMT
    The Reno Aces jumped out to a second-inning 8-0 lead and went on to a 9-4 win over the Sacramento River Cats Thursday night at Raley Field. More >>
    The Reno Aces jumped out to a second-inning 8-0 lead and went on to a 9-4 win over the Sacramento River Cats Thursday night at Raley Field. More >>
  • Reno Police Shoot Robbery Suspect

    Reno Police Shoot Robbery Suspect

    Monday, September 1 2014 2:58 AM EDT2014-09-01 06:58:19 GMT
    Multiple agencies are investigating after an armed robbery suspect was shot and killed by police in front of a Reno casino Sunday evening. More >>
    Multiple agencies are investigating after an armed robbery suspect was shot and killed by police in front of a Reno casino Sunday evening. More >>
  • Aces Win to Force Winner Take All Game on Labor Day

    Aces Win to Force Winner Take All Game on Labor Day

    Monday, September 1 2014 2:09 AM EDT2014-09-01 06:09:23 GMT
    The Reno Aces used a pair of home runs and a dominant relief performance by Bo Schultz to grab a decisive 7-3 win over the Sacramento River Cats Sunday night at Raley Field.More >>
    The Reno Aces used a pair of home runs and a dominant relief performance by Bo Schultz to grab a decisive 7-3 win over the Sacramento River Cats Sunday night at Raley Field.
    More >>
  • Most Popular StoriesMost Popular StoriesMore>>

  • Reno Police Shoot Robbery Suspect

    Reno Police Shoot Robbery Suspect

    Monday, September 1 2014 2:58 AM EDT2014-09-01 06:58:19 GMT
    Multiple agencies are investigating after an armed robbery suspect was shot and killed by police in front of a Reno casino Sunday evening. More >>
    Multiple agencies are investigating after an armed robbery suspect was shot and killed by police in front of a Reno casino Sunday evening. More >>
  • Man Stabbed Multiple Times Across from UNR

    Man Stabbed Multiple Times Across from UNR

    Saturday, August 30 2014 4:36 PM EDT2014-08-30 20:36:37 GMT
    Reno police are searching for the suspect who they say stabbed a man multiple times over fake University of Nevada football tickets.More >>
    Reno police are searching for the suspect who they say stabbed a man multiple times over fake University of Nevada football tickets.More >>
  • Fatal Rollover on Highway 50

    Fatal Rollover on Highway 50

    Saturday, August 30 2014 3:11 PM EDT2014-08-30 19:11:01 GMT
    One is left dead after a vehicle rolled over on Highway 50 at East Nye.More >>
    One is left dead after a vehicle rolled over on Highway 50 at East Nye.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.