New Jersey Supreme Court Denies Petition to Keep Casinos Open
A curious ruling from a court that finds whatever it wants in New Jersey’s Constitution. Then again, the court has played a large role in bankrupting the Garden State. It really should come as no surprise that once again taxpayers, in this case a major class of taxpayers, finds itself at the whims of New Jersey government.
5 Comments:
But it is the correct decision. Casinos are not essential.
I suspect the ruling will be moot as I suspect "the deal" will agreed to today thus screwing all New Jersey residents.
Well, let's see. The casinos had about as much chance of gaining a stay of the Governor's decision as I do at winning at the craps tables.
The decision is arguably correct, though one could make an argument that the $2 million+ in tax revenues generate by the casinos a day is essential to the state's operations. Considering that the casinos themselves pay for the state oversight, the whole casino regulation scheme was self supporting - unlike most of the rest of the state budget.
Bob,
I agree that most of this will be rendered moot as Trenton will find new and unusual ways to screw NJ taxpayers before tomorrow's deadline.
I suggest the correct odds of the AC casinos actually closing and the state losing a mil or two in tax revenue, and the casinos losing 10 X that amount in revenue are;
1 to 9 laybet
cheers,
patrick
The state actually makes more money off the lottery daily than it does the casinos.
Bob,
You have a point but you also need to add in the income and payroll taxes of the casino workers.
What exactly does the state "do" in terms of selling lottery tickets? Various articles have indicated the state will hold the lottery drawings because people buy tickets in advance.
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