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In 1976, the citizens of New Jersey voted to legalize casino gambling
in Atlantic City. It's instructive to compare the promises made during
that campaign to the actual benefits seen in the state 25 years later.
Jobs
Promise: 33,690 new jobs in the state by 1985, including 24,600 in
casino hotels
Reality: 41,000 people directly employed by the casinos
Investments
Promise: $844 million in new construction by 1985
Reality: $3 billion in capital investments by casinos
Wages
Promise: $330 million in new wages by 1985
Reality: Annual payroll of $797 million
Tax Revenues
Promise: $30.3 million in annual casino tax revenue to benefit senior
citizens
Reality: $170 million in tax revenue in 1985 |
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