Atlantic City’s future<\/a>.<\/p>\nSince the GGR is generated online, with most of the action occurring remotely outside of Atlantic City, the casinos say that income shouldn’t be tacked on to their property tax bill. Outgoing state Senate President Stephen Sweeney (D) agreed. He championed the PILOT adjustment on claims that as many as four casinos are at risk of closing without some sort of tax break.<\/p>\n
Repeat of Last Year<\/b><\/h2>\n
December numbers are still being tallied. But through 11 months of 2021, GGR from internet gaming operations totals more than $1.23 billion. Reducing that number from the PILOT computation will slash the casino tax bill from $165 million to $110 million.<\/p>\n
Atlantic County will receive roughly the same amount in 2022 that it did in 2021. But last year’s county allocation was computed on depressed casino revenue experienced during the 2020 height of the COVID-19 pandemic.<\/strong><\/p>\nAtlantic County receives 13.5 percent of the annual PILOT money.<\/p>\n","protected":false},"excerpt":{"rendered":"
The controversial Atlantic City casino tax bill passed by the New Jersey Legislature and signed by Gov. Phil Murphy (D) in December is being contested by Atlantic County. A judge this week gave the state a January 13 deadline to enter into mediation with the county or respond to the litigation by moving to court. […]<\/p>\n","protected":false},"author":25,"featured_media":197339,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Casino PILOT Challenge Must Enter Mediation or Litigation<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n