NEW NJ Gambling Tax increase on the way...

[acquavallo]

https://www.casino.org/news/new-jersey-sports-betting-tax-increases-funds-earmarked-for-crda

Let the scraping commence boys!

NJ should instead create a new Atlantic City @ the Meadowlands(coupla minutes right over the tunnel from NYC). This is the only thing I would willingly pay extra takeout for.

[Bluehorseshoe]

It's not for the players.

[USCPHILLYGUY]

Funny shit. An authority started in the 80’s and pillfored by the Democrats and low and behold another democratic mayor and governor and lookie here.

[jjgold]

New Jersey is going to be a ghost town eventually because of too many high taxes

[floridagolfer]

Just another scam dreamed up by some group of thieves. They've been trying to attract visitors to AC for 50 years; it's all been a waste of time and money for 90 percent of that time.

[jjgold]

lol NJ
Calif and NJ laughing stock of the nation

Liberals

[unde0087]

What started as a smart idea becomes a cash cow for offshore books. They didn't have to do anything. They just let the US legalize gambling then wait for them to get greedy. US builds up more interest in sports gambling then offshore gets most of them when they smarten up seeing the extra fees they are paying on wagers. The politicians these days could fuk up a wet dream.

[Renegades]

The northeast is the worst place to live in terms of cost of living. Im in CT...same shit. 350k for a house built in the 1950s. 10k for .25 acres of property. 1500 a year in car taxes. Yes...property tax on cars in CT. Brutal

[PanamaBrad]

Thank you NJ and all the other states that legalize sports betting.

[Crusherrr]

The northeast is the worst place to live in terms of cost of living. Im in CT...same shit. 350k for a house built in the 1950s. 10k for .25 acres of property. 1500 a year in car taxes. Yes...property tax on cars in CT. Brutal

I'm right there with you. Have a condo now and looking to get into a house but can't find anything for <$400k that would work for us.

[acquavallo]

The northeast is the worst place to live in terms of cost of living. Im in CT...same shit. 350k for a house built in the 1950s. 10k for .25 acres of property. 1500 a year in car taxes. Yes...property tax on cars in CT. Brutal

Folks in Greenwich, Connecticut brag about how much less their property taxes are compared to NY, Westchester right over the border. But they don't mention the other stuff.

[Monitor-Tan]

Yup my mom lives in CT, I bought her a Lexus RX 350 a few years back, one they I get a call saying she couldn't renew her car plates/license because she owned back taxes on her car... Unreal...

[TheGuesser]

It's not for the players.

Exactly. Total non story. They are making so much money, NJ wants a bigger cut. As long as the players aren't affected, who cares who makes more money, the state, or the Books.

[Optional]

Exactly. Total non story. They are making so much money, NJ wants a bigger cut. As long as the players aren't affected, who cares who makes more money, the state, or the Books.

Of course the players are affected each time the regulator/state take more tax.

Less room for reduced juice and promotional offers.


And it smells a lot like greed making a change to increase it just months in.

[acquavallo]

It's not for the players.

It's actually an extra tax, on top of others already in place, being tacked on to the books. It follows no bets being allowed at the racetracks way back in the summer, until the AC books were able to get set up.
In theory you're correct, in practice it will come out of player pockets. AND... while it seems small at 1½%, I believe it's on the gross-- so very substantial actually.
Whatever amount it is, it's not conducive to -102 lines. They're already horrible--some @-125, this cannot help.
Next week I'll head to NJ and compare all 8 online offerings

[acquavallo]

Of course the players are affected each time the regulator/state take more tax.

Less room for reduced juice and promotional offers.


And it smells a lot like greed making a change to increase it just months in.

Casinos rule, racetracks are the red headed stepchild.

[TheVegasGrind]

-120 lines both ways coming soon. If you’ve ever lived in the northeast you know it’s coming.

[Yulia74]

[Bluehorseshoe]

Of course the players are affected each time the regulator/state take more tax.

Less room for reduced juice and promotional offers.

.

I disagree. They're not passing it on to the customers if they're making their nut. It's not like any other business that sells a product and is forced to do so. People could just go offshore if it gets crappier.

[milwaukee mike]

new jersey has screwed up their golden goose for decades... and will continue to do so with sports betting

other states will do it better with less taxes, less regulation, no unions, etc

[shocka1212]

moving to CT. tired of the gambling crowd.

[jjgold]

It’s proven any state and has full fledge Gamblin goes down the drain

[TheGuesser]

-120 lines both ways coming soon. If you’ve ever lived in the northeast you know it’s coming.

That's what lots of people said before it came into being. Will not happen.

[shocka1212]

It’s proven any state and has full fledge Gamblin goes down the drain

AC is a shitstorm. went for the first time in years for LDW... reminded myself why I'm not about that life.