N.J. expectations for online gambling revenues too rosy, report says

[The Buzz]

One of the main reasons New Jersey Governor Chris Christie found online gambling palatable was his belief that it would raise a great deal of revenue for his cash-strapped state. According to a recent report by GamblingData, Christie's expectations may have more than four-fold too high.

Governor Chris Christie’s administration is hoping for $180m in total gambling revenues in the first year. At a 15% tax rate, GamblingData’s figures suggest first year tax receipts will be less than $40m.

http://pokerfuse.com/news/law-and-re...evenues-24-04/

[muffincrumbs]

Pennsylvania stole all of NJ's casino money when they opened a ton of new casinos over last few years outside of Phillidelphia. Online gambling could save them financially indeed!