New Jersey suffered the largest drop in casino tax revenues of any state in the country at 8.2 percent, according to the annual ?State of the States? report issued Monday by the American Gaming Association.
The report concludes that the key reasons for the decline were the temporary casino closings in Atlantic City in the wake of Hurricane Sandy last fall and ?increased competition from new casinos in the mid-Atlantic region.?
The state with the second-largest drop in casino taxes collected was Delaware, down 5.5 percent.
New Jersey?s casino tax revenues fell to $254.8 million in 2012 as an annual decline since 2006 continued ? spending on gambling in Atlantic City is down nearly 40 percent in that time:
The drop in taxes for New Jersey came in spite of the much-anticipated opening of the $2.4 billion Revel casino last May. The new casino did help New Jersey gain 5.8 percent in total casino jobs, to 34,726. That figure is the second-highest in the country behind Nevada?s 170,206 casino jobs.
The report found that the U.S. casino gambling industry overall featured an increase in gross gaming revenues for a third straight year, up 4.8 percent to $37.34 billion. That figure, the highest since 2007, was fueled by the opening of new casinos in New York, Maryland, Maine and Kansas.
Total casino taxes collected by states was up 8.5 percent to $8.6 billion.
The association also released its annual polling results, with 85 percent of respondents saying gambling was acceptable for themselves or for others even if they did not gamble themselves. That is the highest combined figure in a decade. The rise has come from the category that says ?gambling is acceptable for others, but not you personally,? which has climbed from 27 percent in 2005 to 38 percent in 2012.
The responses to several gambling-related questions each found the highest support from people under 40 and the lowest support from those over 60 ?? an age when people are old enough to recall when only Nevada offered casino gambling.
The association?s review found that all but 10 states now feature either land-based, riverboat-based, or tribal casinos.
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