New Jersey is going all in. Governor Chris Christie has signed a bill making his state the third in the nation, after Nevada and Delaware, to legalize internet gambling. 

The move could net New Jersey an estimated $436 million in revenue. With that kind of money potentially on the table, is California ready to ante up, too? 

State Sen. Lou Correa introduced a bill late last year that would allow state-approved websites to take bets for online poker, while Sen. Rod Wright is behind a proposed law to allow some brick-and-mortar operations in California to open up their own Internet sites.

David Schwartz, director for the Center of Gaming Research at the University of Nevada, Las Vegas, explains what's at stake to get Californians in on the action.