Tag: revenue

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