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Atlantic City Casino Tax-Break Bill Advances from NJ Online Gambling's John Brennan

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A version of a tax break for Atlantic City casinos was advanced by a 9-2 vote in a state Assembly committee on Monday, but it is less generous than a state Senate proposal that moved forward a week earlier.

Both bills, which are expected to face a full vote in Trenton next week once their language is reconciled, remove online casino gaming and sports betting revenue from the gross gaming revenue formula that sets a payment-in-lieu-of-taxes, or PILOT. The burgeoning revenue from those categories — which mostly benefits third-party operators, casino executives note — would otherwise lead to a $165 million obligation for the industry in 2022, according to the non-partisan Office of Legislative Services.

Under the Senate bill, that cost would shrink to $110 million, while the Assembly version targets that figure at $125 million. While most of the dozens of bills introduced by the Assembly Appropriations Committee on Monday were advanced without discussion or a dissenting vote, the PILOT bill was an exception.

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