Friday, January 25, 2008

Legalize it

Ed, If New Jersey would legalize sports book gambling, possibly we wouldn’t have to raise the tolls. Use your brain! They keep busting private citizens with gambling rings, but they don’t legalize sports book gambling. Where do you think people are going to go? They’re going to make the bets anyway, and the state is losing the tax revenue.
You Bet
That would tap a gigantic revenue stream. But why would the under-the-table bookmakers declare their activities only to be taxed when they could continue on their current path?—Ed. Note

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