The clock is ticking on state lawmakers to renew the casino payment-in-lieu-of-taxes agreement.
The PILOT agreement, which has been in effect for a decade, was enacted to stabilize Atlantic City’s finances and reduce costly casino tax appeals. The first version of the legislation was adopted in 2016, with a revised version adopted in 2021. That agreement is set to sunset at the end of the year unless the legislature adopts another five-year PILOT. If it does expire, the legislated casino tax payments would give way to a return to payments based on assessed property values.
In 2025, the city received $54.4 million in PILOT payments, according to budget documents.
