New Jersey Online Gambling Study Projects Yield of $7 Billion
New Jersey State House
The Interactive Media Entertainment and Gaming Association (iMEGA) have released a report that details the expected financial impact of legalising online gambling in New Jersey.
The report summarises the intended effects of the bill as creating jobs and reviving the state’s struggling economy. The study of the mechanics of the internet gambling bill projected that 57,000 new jobs would be created by it and the potential yield for the industry would be around $7 billion.
Of this figure, $472 million would go straight to the state in the form of taxes and would provide a welcome relief from the financial difficulties that have been experience recently in the Garden State. Joe Brennan Jr, the chairman of iMEGA commented on the report by explaining: “The economic benefit has the potential to extend far beyond the available gaming tax yield.”
He went on to explain how New Jersey’s decision to become the first state to legalise online gambling would mean that the state could become the home for the US online gambling industry.
Casino Online caught up with Brennan last month for an exclusive chat and his interview can be found in the gambling experts section of the site.
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