Online Betting Lifted N.J. Gambling Tax Revenue in Down Year
- Land-based casino revenue cut almost in half by virus
- Higher-taxed online wagers doubled during the pandemic
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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.