Casino Reinvestment Development Authority

Atlantic City Looking For Its Piece Of NJ Sports Betting Tax

by
AC Mayor Marty Small

Atlantic City has received $1.6 million in tax revenue from sports betting in a year and a half. State law prohibits the city from touching the money and uses it to advertise the city instead. The mayor, Marty Small, is asking for the same treatment … Read more

Atlantic City Mayor Lobbying To Keep NJ Sports Betting Revenue Local

by
A.C. Mayor Marty Small

Atlantic City Casinos account for nine out of the 12 retail sportsbooks in New Jersey. The New Jersey sports gambling laws require 1.25% of all sports wagers to be used to fund the Casino Reinvestment Development Authority – a state-administered agency. Unless more legislative action … Read more

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