|Atlantic City made more money in 2001 than in 2000 defying the analyst’s predictions that the casino jurisdiction would suffer its first year of decline since it started taking wagers over 20 years ago. |
Between the 12 licensed casinos in Atlantic City gamblers lost a total of $4.3 billion dollars, an increase of $2.2 million over 2000. This 1% increase was enough to keep the city’s gambling opponents at bay and ward off the typical cries of the casino’s deleterious effects on the local economy. In fact, the casinos contributed $342.3 million to state taxes and are the largest employers in the region. Topping off their contribution, the casino gave an additional $53.5 million to the State Reinvestment Development Authority.
It is expected that the September 11th tragedy boosted New Jersey casino resort visits since east-coasters were more likely to drive to AC than they were to fly to Las Vegas.