This shift was reflected in the fiscal data, with online casino revenue taxes contributing $103.3 million in FY2020, constituting 40.5% of all gambling-related taxes sent to the Casino Revenue Fund. Even after the casinos reopened in July 2020, the momentum continued to favor online gambling. ![]() When Governor Phil Murphy ordered the closure of Atlantic City casinos in March 2020 to curb the spread of the virus, New Jersey gamblers swiftly adapted to online platforms. The genesis of this transformative trend can be traced back to the onset of the COVID-19 pandemic in 2020. Remarkably, more than half of this staggering sum totaling over $266.7 million originated from online casino taxes. The most recent fiscal year ending on June 30, 2023, marked a historic milestone, with the Casino Revenue Fund receiving a record-setting $504 million. In the last three years, these digital platforms have consistently surpassed the combined tax contributions of all nine Atlantic City casinos. ![]() According to reports, New Jersey online casinos have become the primary source of gambling-related tax revenue for the state.
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