Casino and Lottery Revenues

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New Jersey’s main sources of gambling revenues have posted opposite performance records. New Jersey lottery revenues have grown steadily from $736 million in FY2000 to an anticipated $953 million next year, boosted by the willingness of governors and legislatures to add new games and include the state in high-paying multistate lotteries. Casino revenues, however, have been plummeting from a high of $667 million in FY2006 to just under $270 million anticipated in FY2011. The drop from FY2006 to FY2007 was a result of changes adopted by Democratic Gov. Codey and the legislature to try to make Atlantic City more competitive, but the recent slide has been a combination of the recession and, more ominous, the explosion of new gambling competition from casinos in Delaware and Pennsylvania and the rise of Indian casinos in other states.