While it has undoubtedly provided a new revenue stream for Atlantic City's casinos, internet gambling appears to be permanently changing the habits of some gamblers who would rather bet from home, the office, the beach or other places instead of visiting casinos in person. He declined to comment on the change in the bill reducing it from 10 to two years. 'This will also provide investor confidence in the New Jersey internet gaming industry.' '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,' said Mark Giannantonio, president of Resorts Casino Hotel and of the Casino Association of New Jersey. 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.
That does not include money from online sports bets. Since New Jersey began taking online 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.
