Wall Street Sector Selector – The effects of this measure can send ripples through the New Jersey economy. It can mean big things for gambling tax revenue, investors, tech and IT services in NJ, international tourism numbers, and city development. Once it completely takes effect, New Jersey can seriously see a huge change in their South Jersey city.
Gambling Taxes Can Be Used For Restore the Shore Efforts
With the world open to gambling based in Atlantic City, there’s no telling just how much the measure will bring in to the New Jersey tourism hub. Not only does this mean that the businesses will be bringing in money, it also means big things for New Jersey tax revenue. As the casinos bring in a lot more money, it will bring even more money in to the Garden State and that means that more money can go into the relief efforts for areas like Seaside Heights and Long Beach Island that felt the brunt of Hurricane Sandy.
Tech Companies Will Benefit From Site and Server Maintenance
One can imagine the sheer volume of traffic that will hit these online gambling sites once they go live. With all those visitors, the websites are going to need to be flawless and run as smoothly as possible. Online gambling sees a lot of money coming and going, so this will mean that IT Services in New Jersey are going to see a lot of business from these companies in order to keep these sites working as good as possible.
Measure Can Promote International Tourism
Currently, Atlantic City is basically the younger sibling of Las Vegas. While Atlantic City is a beacon for local tourism, Las Vegas is a Mecca known throughout the world. The measure can be a great step forward in Atlantic City’s effort to close the gap between both gambling destinations. As more and more people go online to gamble on web sites from Atlantic City casinos, it can pique interest in international tourists and have them packing their bags to the South Jersey hotspot. This can mean increased revenue for Atlantic City’s other businesses, like nightclubs, restaurants, and hotels.
