Bloomberg – Revenue from online gambling in New Jersey has failed drastically to reach expectations, even if industry observers won’t call it a bust after just five months. New Jersey’s state treasurer estimated last year that legal online gambling would net Atlantic City casinos as much as $1.2 billion in its first year—bringing in roughly $180 million in tax revenue for the state. After the floodgates opened last November, those numbers have been revised dramatically, to a mere $34 million in tax revenue for the fiscal year ending June 30, climbing to $55 million the following year. “It’s the beginning...