Marty Small. Sr, the major of Atlantic City (USA) believes that his city has all the right to get a cut of sports betting tax in New Jersey. He believes that Atlantic City (until recently it was the only gambling hub on the East Coast of the United States) played a key role in the success of the Garden State’s regulated market.
“In 14 months, New Jersey has overtaken Las Vegas as the number one state for sports betting, and a lot of it this success is to do with Atlantic City,” he said. “But we don’t get a penny of it, which is unacceptable.
“People come into Atlantic City and they bet on sports. One day they will bet on college football, and then the next night it will be the NFL. We love them, but guess what; they stay in a hotel for three days and we don’t get a penny.”
Marty Small Sr. spoke at the meeting of the Atlantic City Taxpayer’s Association and he stated that the city should exert more control over sport betting tax income.
For now, the Casino Reinvestment Development Authority collects 1.25% of all sports bets, but that sum is controlled by the state.
Small firmly believes that the city should be better rewarded for its role in New Jersey sports betting industry development and he even said that this is one of his main goals as a Mayor.