Thanks to shutting down the state government and government-owned operations while politicians bicker over the state sales tax rate, the governor is saving New Jersey consumers $20,000,000 each day.
Not all consumers will see this benefit, though. Only those people who were planning to visit and spend money at the state’s casinos in Atlantic City, which have been shut down with all government operations, will benefit. That daily $20,000,000 is what the casinos would be generating in revenue if they were operating at the moment.
This is the case unless those slighted by the lack of entertainment in Atlantic City decide to take trips to Las Vegas instead. While I don’t think most of the slighted gamblers will use the money to gamble elsewhere, I also don’t think the “gambling funds” will find their way to savings accounts.
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4:23 pm (reply)
the state’s also losing out on the tax revenue generated from that 20mil/day. . . so, the money likely won’t find its way into savings account, or the coffers of New Jersey (where it’s probably spent in a fashion similiar to gambling anyways) _
1:06 pm (reply)
Who wants to give me 7-1 odds that the state will re-open by the end of the week. 3-1 by the end of next week? Anyone? Anyone? C’mon, I’m dying here.
8:19 am (reply)
The income from the casinos to the state is 1.3 million a day. I may not own my own business, but I do know that shutting down operations that are producing income is poor management. I am sure the Governor could have figured out a way to ensure that anything producing money for the state, ie. lottery, casinos, would be considered essential to the state and thus would be allowed to continue operating.
10:11 am (reply)