It stands to reason that Atlantic City’s allure is just as attractive for people who are not legally permitted to drink or gamble. There are countless shows and attractions that are mere minutes away. Locals are drawn, as well, to the nightlife and people watching. People flock from all over the world to New Jersey to take their shot at getting lucky in Atlantic City. It was widely credited with helping Atlantic City’s casinos stay afloat during 3 1/2 months of shutdowns in 2020 at the start of the COVID-19 pandemic, as well as in the lean months that followed the casinos reopening, as many gamblers remained wary of venturing out to crowded indoor spaces.Underage Gambling in Atlantic City is a Bad Bet That does not include money from online sports bets. Since New Jersey began taking internet bets in November 2013, Atlantic City’s casinos and their online partners have won $6.29 billion from gamblers, according to the American Gaming Association, the casino industry’s national trade group. This has been what’s helping keep Atlantic City alive.” “No one is going to invest money in a company that has (an internet gambling identity) if you only have two more years,” Guardian said. Guardian said the shortened time frame could devastate an industry that has been a rare success story in Atlantic City, whose online gambling operations take in more money than any of the other five states that offer it. “The reauthorization of the internet gaming bill for 10 years is vital to the continued success of the gaming industry in New Jersey and the programs that are supported by the taxes collected,” he said. On Tuesday, Mark Giannantonio, president of Resorts casino and of the Casino Association of New Jersey, said the full 10-year extension originally provided for in the bill is crucial to the casinos’ ongoing operations. “We’re all trying to figure out what happened,” said Don Guardian, a Republican Assemblyman and former mayor of Atlantic City. That rate is 8% on in-person winnings from gamblers at casinos, 13% for online sports betting, and 15% for internet gambling. There was some speculation among Atlantic City casino and political officials that the move might represent potential leverage over the city in terms of possibly raising the amount of gambling taxes collected by the state in the future. It is unclear when a final vote might be held.

No explanation was given, and top Democratic leaders did not respond to requests for comment Tuesday and Wednesday.

What gambling did to atlantic city