NJ Lawmakers Consider Extending Online Casino Act
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NJ Lawmakers Consider Extending Online Casino Act. New Jersey became the first state to offer online casino gaming in a competitive marketplace 10 years ago. The original 10-year act expires in 8 months. In its first full year of operations in 2014, the online gaming industry produced $122.8 million in revenue. By 2021, that figure had jumped to a record $1.37 billion in revenues.
Casino operators in December prevailed in getting lawmakers to pass a bill that removes both online casino revenue and sports betting from the PILOT calculation. Atlantic County officials filed a lawsuit over what they said would be tens of millions of lost revenue to the county in a reworking of the 2016 agreement. A state judge sided with the County in the case. Industry insiders say overseas online casinos are questioning why they have to pay a significant share of their revenue.
NJ Online Gambling Committee wants to review the impact of online casino gaming on the state's culture. Senator Caputo sponsored a bill to extend the 2013 provisions by another 10 years.
A group called Americans For Nonsmokers’ Rights wants to link the extension of the online casino law with a separate bill to ban smoking on gaming floors. The bill will be taken up in the early spring. The Casino Association of New Jersey wants the ban.
