N.J. Internet Gambling May Fall $148 Million Short, Analyst Says

New Jersey’s revenue from Internet gambling may fall $148 million short of Governor Chris Christie’s budgeted estimates this fiscal year, according to the legislature’s chief fiscal analyst.

David Rosen, of the Office of Legislative Services, estimated $12 million of tax revenue from online betting in the year ending June 30, compared with the governor’s forecast for $160 million, according to remarks prepared by the analyst for a Senate budget hearing today.