Daily Tax Report: State

Online Betting Lifted N.J. Gambling Tax Revenue in Down Year

Jan. 13, 2021, 9:06 PM

A surge in online gambling helped lift New Jersey tax collections in an otherwise terrible year for the casino industry, bringing some relief to the state during a budget crunch.

Casinos, racetracks and online gambling providers generated $302.7 million in tax collections for the state in 2020, up from $300.4 million the year before, according to data released Wednesday by the state Division of Gaming Enforcement.

The coronavirus pandemic crippled New Jersey casinos last year, shutting them down for nearly four months. Though they began reopening in July, gamblers are only slowly coming back. The state’s nine land-based casinos generated...

To read the full article log in. To learn more about a subscription click here.