On Wednesday, New Jersey regulators will release the March gaming revenue numbers. With the Atlantic City casinos closed for the second half of the month, the numbers won’t be pretty.
But in terms of tax revenue lost, they will not be nearly as bad as Pennsylvania, which took in more than $1 billion last year compared to $300 million in New Jersey. Much of that is due to the tax rate exceeding 50% on slots in Pennsylvania — about five times what New Jersey casino operators pay.