According to nj.com, a bill legalizing online gambling in New Jersey could save Atlantic City casinos.
Analysts from Wells Fargo, report that online wagering could increase casino revenue by (1) $650 million to $850 million in its first year and (2) as much as 50% over the next five years. This would mean an additional $1.5 billion in casino revenue and $150 million in tax revenue for the state.
Atlantic City casinos have been struggling recently, largely due to competition from Pennsylvania, as well as the recession.
