The $1.01 billion in bets produced $82.4 million in gross revenue and $10.2 million in taxes. state to take in $1 billion in legal bets in a single month - the state takes in fewer tax dollars from that activity. And for all the headlines sports betting enjoys - including on Monday, when New Jersey became the first U.S. But with a mere 8% gross revenue tax, the total tariff to the state was slightly less than online casino at $17.3 million. The Atlantic City casinos checked in with $248.5 million. In September, for instance, a record $122.6 million in revenue produced a record $18.5 million in taxes, per the state Division of Gaming Enforcement report released Monday. Since the launch of online casino play in 2013, operators have paid 15% of gross online casino revenue in taxes. But the online version has taken the lead in an important way for state residents, as more tax dollars are flowing into the New Jersey Treasury that way. Online casino games in New Jersey have a long way to go before they ever catch up to revenues (in a non-pandemic era) produced the old-fashioned way: from customers showing up at the nine Atlantic City casinos and doing their gambling there.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |