|
Online gambling has not proved to be as beneficial as hoped. It failed to generate most of the tax revenue anticipated for this year.
It is expected that New Jersey will end the fiscal year in June with less revenue than expected. It will be the third straight year that Christie’s administration overestimated when preparing the state budget.
State Treasurer Andrew Sidamon-Eristoff said that the forecast for the Casino Revenue Fund, which collects taxes from online gambling and Atlantic City’s brick-and-mortar casinos, has been cut by $126 million, which accounts for around half of the state’s revised budged projection. He stated that he believes taxes from Atlantic City will rise over the mid- and long-term, while also acknowledging that online gambling revenue is not even close to the projections. “Clearly, the results so far have not met our expectations,” he said.
At first, the administration projected $180 million in web gambling taxes. This number was then lowered to $160 million. Looking at the current trends, it is expected that the state will generate $12 million this year, and $48 million next year.
|
|
|||||
|
||||||
Top Free Slot Games
Featured Sites
Top Free Other Games
Additional Details to Read About Casino Online Rating
CasinoOnlineRating.com is a premium online casino advisory portal designed to meet the needs of players who are looking for trusted and reputable online casinos. The site includes hundreds of casino and game reviews, online gambling news and other articles devoted to online gambling. CasinoOnlineRating.com is a place where every player will find the information they are searching for!
We strive to provide you with honest, detailed and critical casino reviews and to deliver the most up to date information pertaining to online casinos. We value our independence and guarantee that we have played at and tested all online casinos reviewed at this site. We constantly separate good online casinos from those which cannot be trusted and we have created a list of the best run and most trustworthy casinos for you to play at. Our goal is to help you avoid rogue online gambling sites, therefore, we rate online casinos in accordance with the payout percentage, ease of making deposits, speed of payouts when cashing out, bonuses offered, and the quality of customer support.
We have also reviewed a large number of online casino games to facilitate the choice of most entertaining games to play. Every casino on the market offers a wide variety of games and we do our best to provide you with the information you need to choose a game that will best suit your needs. You will be able to find information on the graphics, jackpots and special features offered by various games, as well as to look at the screenshots of these games.
Every day we publish news from the i-gaming market in order to keep you informed about any changes in legislation or about new games and casinos launched. With CasinoOnlineRating.com you will not miss any important news!
Beginners as well as those who wish to extend their knowledge about gambling are advised to visit the sections on casino games rules, online gambling jurisdictions, software providers and i-gaming audits, casino bonuses, wagering requirements, problem gambling, etc. We hope you will find many useful tips there!
We are interested in players’ opinion on online gambling sites and games; therefore, we run a friendly casino forum with members from all over the world. Join our community of casino players and share your views and tips, tell us about your wins and have fun!
Browse through CasinoOnlineRating.com, read about the most important issues in online gambling, rate our articles and share your views on our forum. Our site is constantly growing both in terms of its content and the number of visitors.