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New Jersey approves $15.7 million payment to Atlantic County

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New Jersey’s Local Finance Board approved a $15.7 million lump-sum payment to Atlantic County following a settlement over the casinos’ PILOT tax calculation. The 2021 amendment excluded iGaming and online sports betting revenue; the county will return to quarterly PILOT payments with that revenue included.

The settlement changes how Atlantic County receives property tax revenue linked to casino iGaming and online sports betting.

End-of-day close DraftKings (DKNG), USD, to 28 July 2025
Story date29 April 202528 July 2025

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