Sports Betting To Lift Economy In Atlantic City New Jersey?

By admin • July 30th, 2009

It is certainly a sign of the economic times that state officials are seeking to completely legalize sports gambling in states other than Nevada, the only state where sports gambling is entirely legal.  Atlantic City, New Jersey officials are lobbying for the change in legislation citing tax revenue and the creation of jobs as the major benefit.

Currently New Jersey state Senator Ray Lesniak and Gov. Jon Corzine have filed a lawsuit that seeks to have the ban, put in place by the federal government on sports betting, declared unconstitutional.

Additions to the types of gaming that are allowed in Atlantic City will aid the ailing city in its quest to differentiate its offering from smaller “slot parlors” that are keeping gamblers in their home states and cities.

Increased gaming options will also certainly increase tax revenue and employment during a time in Atlantic City that is known better for layoffs and salary cuts than help wanted signs.

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