NJ horse racing industry fear complex formula could lead to lower tax gaming revenue share

The horse racing industry in the state of New Jersey has been struggling for some time and with recent changes being discussed in the gaming industry, could have the potential to earn a significant amount in tax revenues from gaming. New Jersey lawmakers have been considering adding casinos in the northern portion of the state to help Atlantic City, the gambling area of the state that has seen a decline in gaming revenues for the past few years, resulting in four casinos closing in 2014 and continual issues today.

This Novembe…