When you are at the top, there is always a long way to fall looming beneath you. Atlantic City, New Jersey enjoyed its place at the top of the gambling industry for several decades, but in the last six years competition from surrounding states have brought about a swift decline in their revenue. When Pennsylvania jumped on the scene with its own gambling industry, it was pretty clear that it was only a matter of time before it generated enough currency to surpass Atlantic City. Not only did that happen this year, but New York’s gambling industry also managed to pull past Atlantic City. Atlantic City went from spending almost 30 years as the second largest gambling industry in the county, to a respectable, but disappointing fourth. Now the state is facing the possibility of breaking the 36 year old monopoly on gambling currently held by Atlantic City.
There is a lot of talk about bringing casinos to the Meadowlands. This time it is not so much about allowing casinos at horse racing tracks as it is about diversifying New Jersey’s gambling offers. With the option of being allowed to gambling up north instead of just in south New Jersey, it is possible that New Jersey can retain more of their own residents. In an age where a gallon of gas is about 4 dollars, people are not as willing to travel long distances for casino gambling, especially if they have another casino venue located close by, even if it is in another state.