NJ Gambling Revenues Are Way Below Expectations
Wednesday, January 15, 2014
One billion dollars.
That's how much Governor Chris Christie predicted New Jersey would make with online gambling this fiscal year. But since its launch in November, the industry has taken in just $8.4 million.
In this interview, Jennifer Bogdan, reporter at the Press of Atlantic City, said numerous studies have shown revenues of between $200 million to $500 million.
"That [$1 billion] prediction doesn't coincide with anything else that's out there right now," Bogdan said.