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casino eventsGross gambling revenue from the terminals is taxed at 35 percent.Meadowlands launched sports betting in July and has quickly become the biggest retail betting outlet in New Jersey — and one of the biggest in the world, according to Paddy Power Betfair, which operates the sports book via its FanDuel brand.The amendmen”That’s why he’s is putting his faith in a bill — introduced to the state legislature in August — that would subsidize New Jersey racing to the tune of million per year.There was a time when the tracks received million a year in subsidies from Atlantic City casino revenue, but that was in pre-recession days when Atlantic City was thriving — before it had to contend with competing casino markets in abutting states.pechanga casino covid update