New Jersey Revising Tax Estimates For Online Gambling

Card Player – The New Jersey online gaming industry has been steadily growing since its inception in late November of last year. Despite this, the state is revising some of its projections on tax revenue from the new games. To put it simply, some predicted that the games would be more lucrative right off the bat than they have proven to be. Early predictions were that more than $1 billion would be reaped by the casinos from online gambling during fiscal year one. That would have netted the state around $180 million in extra tax revenue. According to the most…