NJ Sports Betting: Six years later, it’s official in New Jersey

[freddymo]

Originally Posted by 10 pnt move up

Its a multi billion dollar industry, how could it not be substantial revenue for the states?

Because it simply isnt a needle mover. Will it help a little sure but its not going to be enough to make a significant difference. Again I would love to be at MP in a sports book betting sports and races, the tax money will help racing but dont think Moody's is placing GO's of NJ on credit watch with positive implications IF sports betting was legal in the state. Good for racing and certainly good for people wanting to bet but as a significant revenue producer...not really