Casinos are also required to invest 1.25 percent of their gaming revenues into projects screened and approved by the Casino Reinvestment Development Authority (CRDA). The state's 8 percent tax on casino gross revenues is devoted to the Casino Revenue Fund which funds programs that provide resources and services to disabled and senior citizens. Casino RevenuesĬasino finances are usually reported in terms of gross revenue which is the amount casinos win from gamblers after all payouts have been made.

Casinos purchased over $1 billion in goods and services from 1,808 New Jersey businesses. In 2012, the casino industry in New Jersey employed more than 34,145 people, not including those workers who work in leased stores and restaurants within the casinos. Atlantic City's first casino, Resorts International, opened on May 26, 1978. The second referendum was approved by a slim margin, with approximately 1.5 million voters in favor of it and 1.14 million opposed. This initial referendum was defeated in 19 of New Jersey's 21 counties, with about 60% of votes cast against it.Ī revised referendum, limiting gambling exclusively to the city limits of Atlantic City, was placed on the ballot November 2, 1976.

Originally nicknamed “The Showplace of the Nation”, it was extremely popular from when it was built in 1898 to the 1970s.The issue of casino gambling first appeared on a ballot for New Jersey voters on November 5, 1974.

Steel Pier on the Atlantic City Boardwalk is one of the country’s most famous and recognizable amusement parks.

Today, it is 60 ft (18 m) wide and about 5.5. When it was first opened, Atlantic City Boardwalk was 8 ft (2.4 m) wide and 1 mi (1.6 km) long.

Atlantic City had the world’s first boardwalk.

For example, Illinois Avenue is now called Martin Luther King Jr.

Some of the street names in the game have since changed in Atlantic City.

This still remains true for some of the properties.

In the original edition, the cheapest streets were all ones where Blacks lived, and the most expensive ones were where Whites lived or the tourist district.

The board was remodeled to include street names from Atlantic City in the early 1930s before being mass-produced by Parker Brothers in 1935.

The board game Monopoly was first invented in 1903 as The Landlord’s Game.

Atlantic city legalize gambling 1976