Tag: revenue

Trenton stands to be disappointed by weed tax revenues because #economics. | Rooney

By Matt Rooney _ Today is Black Friday, Save Jerseyans, but N.J. Democrats are much more excited for ‘Green Monday’ (Nov. 26th) when both the Assembly and Senate’s respective committees plan to advance legislation to legalize recreational marijuana use throughout Read More

Will legal sports betting help N.J.? I don’t like our odds.

By Matt Rooney _ You can’t have prosperity without freedom, but don’t think for a moment that freedom guarantees prosperity.  On Monday, the U.S. Supreme Court aligned itself with common sense and struck down a widely-panned 1992 federal law — Read More

Moody’s Says NJ Still a Gamble, Despite Pension Fund Tapping Lottery Revenues

Despite a new law that funnels about $1 billion in annual New Jersey Lottery revenues directly into the state’s beleaguered public-employee pension system, a major Wall Street credit-rating agency is warning there remains “considerable risk” since the state faces still-rising Read More

New Jersey Legal Online Casinos Outpace Several Atlantic City Casinos With $20.8 Million In April Gaming Revenue

LAS VEGAS, May 12, 2017 /PRNewswire/ — After another near-record performance in April, online gaming continues to generate more revenue than nearly half of the land-based casinos in the state, according to analysts from PlayNJ.com. The New Jersey Monthly Internet Read More

Atlantic City rakes in a fraction of other states on gaming tax, report says

TRENTON — Atlantic City’s casinos paid a fraction last year in taxes compared to New Jersey’s neighbors thanks to a low gaming tax that proponents say help the city, while others argue it’s a lost opportunity. According to the Press Read More