New Jersey Gov. Chris Christie on Thursday signed a bill that will regulate daily fantasy sports betting, a multimillion-dollar-a-year industry in the state that has, until recently, gone largely unregulated nationwide.

Christie signed the legislation without comment.

The Senate gave final legislative approval to the bill, A-3532, in June, shortly after the U.S. Supreme Court announced it would hear New Jersey's appeal of lower federal court rulings that have barred the state from legalizing sports betting, an initiative that is supported by Christie and by both Democrats and Republicans in the Legislature as a means of raising revenue.

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