thisweekingambling.com
Lawmakers express doubts over New Jersey online gambling revenue hopes • This Week in Gambling
iGaming Business – Lawmakers in New Jersey have expressed doubts over whether the US state can reach tax revenue figures forecast after its full launch of online gambling. According to the PressofAtlanticCity.com website, Governor Chris Christie predicted that online gambling would result in $160 million (€117.1 million) of tax revenue by July 2014, just seven months after the full launch of internet gambling in New Jersey. At a tax rate of 15%, the state had originally forecast $180 million in taxes, but this was later reduced in the approved budget. However, New Jersey Senator Jim Whelan said: “From the get-go,...
This Week in Gambling