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Casino gaming tax revenue in New Jersey was $350,897,338 in 2020. While the gross casino gaming revenue in 2020 was $2.88 billion, this was down 16.9% on the previous year due to the impact of COVID restrictions. Under US gambling laws, a 24% federal tax is payable on gambling winnings in New Jersey, as it is in all other states. In addition, New Jersey sets several other taxes for gambling winnings.
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Construction of Caesars Virginia’s casino, hotel and entertainment center began on August 12, 2022. A temporary casino is also under construction on the same site. Casino trainees will begin will lessons in blackjack followed by other games and programs. Training sessions will be 4 hours a day, 5 days a week for 12 weeks. Caesars Virginia has hundreds of job positions to fill before opening its temporary casino in July and the permanent casino next year.