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Casino gaming tax revenue in New Jersey was $350,897,338 in 2020. While the gross casino gaming revenue in 2020 was $2.88 billion, this was down 16.9% on the previous year due to the impact of COVID restrictions. Under US gambling laws, a 24% federal tax is payable on gambling winnings in New Jersey, as it is in all other states. In addition, New Jersey sets several other taxes for gambling winnings.

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Have a look at the rundown of the casino gambling history in New Jersey. You will find facts like the year of the first betting hall in the state, first racetracks, which is the betting capitol and many more. Despite all this, Bally’s chances in New York are still alive and could continue to improve just by staying in the race.