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deskgameBut they are mixing apples with oranges. The tax increase would fall only on online gaming operations, the casinos and the racetracks get a percentage of the net revenue from online gaming and the sports books. A higher tax will reduce revenue to the casinos and racetracks. deskgameOnce a player has accumulated a certain amount of sweeps coins, they can initiate a redemption for a variety of prizes. Most sweeps casinos allow for redemptions of gift cards or real money. deskgameI was a little surprised to see Crown Coins setting a minimum requirement of 50 sweeps coins for both gift card and cash withdrawals. That is fairly high among sweeps, and likely will make it difficult for casual players to make redemptions. deskgameNew Jersey online casinos had a flush October, reporting a record-breaking $213 million in revenue, with sports books – where 90% of all sports bets are placed online in our state -- garnering $77.5 million. The industries have generated almost $3 billion in revenues combined, year-to-date. Sports betting and its online variant were legalized in New Jersey in 2018 and have become a $10 billion industry nationally, with the State’s industry generating some of the highest gross revenues.