Gambling News by House of Odds

ATLANTIC CITY -- When gambling supporters made their second run at getting casinos approved in 1976, New Jersey's unemployment rate was 12 percent -- the highest in the nation. In Atlantic City, it was even higher, at more than 13 percent.

When gambling supporters made their second run at getting casinos approved in 1976, New Jersey's unemployment rate was 12 percent the highest in the nation. In Atlantic City, it was even higher, more than 13 percent. Jobs and residents were fleeing from the once-grand resort, where landmark hotels had stained carpets and peeling paint. By 1976, Atlantic City was collecting less than 80 percent .