Study: New Jersey to Receive Almost $1 Billion in Gaming Funds
"The Casino Association of New Jersey Tuesday released results of a study
that estimated the gaming industry will generate more than $980 million in
state and local taxes and other obligations in 2006. "These include money
for the Casino Revenue Fund, which pays for programs benefiting seniors and
the disabled, and the Casino Reinvestment Development Authority, funds
earmarked for development and other projects throughout the state.
"'The success of casino gaming in New Jersey is statewide and far exceeds
the Atlantic City region,' said Audrey S. Oswell, president of the casino
association.
"Over the years, the CRDA has contributed to projects such as the Camden
Children's Garden, Shepherd's Farm Senior Housing in West Deptford, and the
Alice Paul Leadership Center in Mount Laurel.
".Northfield-based Spectrum Gaming Group, which conducted the study,
anticipates the casino industry in Atlantic City will produce about $5.2
billion in gaming revenue in 2006 and $500 million in non-gaming revenue.
Last year, the industry set a record, topping the $5 billion mark for gaming
revenue.
".Despite a 7.7 percent increase in gaming revenue for the first quarter,
the anticipated gain of almost 4 percent is not unrealistic, said Joe
Weinert, vice president of Spectrum Gaming Group."
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