|New Jersey Governor James E. McGreevey, Democrat, has “decided against a proposal to install video lottery machines at racetracks and other locations.” A counselor to McGreevey, Eric Shuffler, said the terminals “were something the state would continue to study,” but as a revenue source for the 2004 state budget they were not in contention.|
The governor’s decision concerning this non-election period was made after a 30-day study into the proposal, done by a committee appointed by Governor McGreevey the same day his administration called for $135 million in new taxes on casinos.
The AP reports that some analysts had estimated that the terminals could have raised $300 million in tax revenues for the state.
New Jersey’s significant casino industry had opposed the terminals, “fearing that their presence in northern New Jersey - a key feeder market for Atlantic City casinos - would siphon business. They also had argued that the terminals could not be installed unless a statewide referendum was held to amend the New Jersey Constitution,” the AP story reports.