Tag: online gambling New Jersey billion revenue
New Jersey Governor believes online gambling will produce $1 billion by July
December 4, 2013
NJ.com – Gov. Chris Christie said today that he still expects online gambling in New Jersey to produce about $1 billion in casino revenue by July 1. Industry analysts have said Christie’s projection — part of the current state budget, which anticipates $160 million in tax revenue from the venture — is far too optimistic. As the state gave six casinos permission to begin operating internet gambling websites last week, analysts said they expect about $300 million in revenue by this time next year. But Christie said he was undeterred. At a press conference at the statehouse in Trenton, the…