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New Jersey lawmakers consider gambling expansion21 April 2008NEW JERSEY -- As reported by the New Jersey Star Ledger: "Expanding the lottery. Adding sports betting. Offering video lottery at racetracks. Opening new off-track wagering parlors. Building a new casino at the Meadowlands. "It seems that every year, there's a new push to expand legalized gambling in New Jersey. "Now as state officials scramble to avert controversial cuts without raising taxes, several leading lawmakers say giving residents more ways to gamble may be New Jersey's best bet to raise extra cash for the ailing state budget. "...While casinos and the lottery steadily produce more dollars, gambling represents a much smaller percentage of state budget revenues than it did two decades ago, according to a Star-Ledger analysis. In 1989, gambling dollars made up 7.5 percent of the budget. It's now 4.2 percent -- not much higher than in 1980, when only a few casinos were open in Atlantic City..." |