In 2014 the online gaming operators in New Jersey generated $122 million in Gross Gaming Revenue, just 1/10th of the foolhardy estimates Governor Chris Christie forecasted, and less than 1/2 of several more conservative estimates.

Of that $122 million, New Jersey’s cut (online gaming is taxed at 15%) was $18.4 million. Not a large amount, but it’s $18.4 million New Jersey’s budget didn’t possess before online gaming came to the state. Still, in the grand scheme of a state’s budget this is a near insignificant amount.

However, this number doesn’t tell the entire story of online gambling’s economic impact on the Garden State. The tax revenue garnered from iGaming operators is just a piece of the pie, and doesn’t take into account the taxable income on the players’ end, the jobs created and marketing dollars spent by iGaming companies, or the licensing fees paid by iGaming operators and their vendors.

The byproducts of regulation