New Jersey Governor Chris Christie on Monday signed into law a bill authorizing the placement of horse racing wagers using mobile gaming devices, such as iPads and smartphones, at in-state racetracks. The legislation, which allows for wagers on in-state and out-of-state races being transmitted via simulcasting and live races taking place at that racetrack, is aimed at attracting younger fans to the sport. "If our horseracing industry is going to remain attractive to visitors and competitive with neighboring states, it’s important that it keep up with the latest innovations and trends," state Assemblyman John Burzichelli, a co-sponsor of the bill, said. "Now, horse racing fans can enjoy gaming while they’re taking advantage of other amenities racetracks have to offer. It moves our horse wagering industry into the 21st Century." Assemblywoman and co-sponsor of the bill Connie Wagner, added, "New Jersey takes a common sense step forward for our horse racing industry today. Mobile devices are now a standard part of our lives, allowing consumers to do any number of activities, and now we move forward in modernizing our horse racing industry." Fans will be required to set up accounts to place bets at the track, but the accounts will only be operable on track property. The New Jersey Racing Commission will develop regulations to oversee the mobile wagering and prevent underage gambling. Monmouth Park has already announced its intention to have mobile gambling ready for the start of its racing season May 12. A similar bill to allow for mobile gaming at Atlantic City casinos was signed into law in August, but the casinos have yet to implement on-site mobile gaming.