He said the revenue shortfall would be in the "low two figures" of billions, meaning at least $10 billion.
The state faced a $400 million revenue shortfall when Jones took office.
Despite the event's popularity, there was a revenue shortfall and the city decided not to host the event again.
But few expect them to be big enough to offset the company's revenue shortfall.
And the state faces a $1.475 billion revenue shortfall in next year's budget.
Now 45 states, including many with governors running for re-election, have reported revenue shortfalls in the past year.
Newark, he said, faces a revenue shortfall of almost $36 million.
But we are more limited because of 9/11 and the revenue shortfall.
The company had also warned that it would have a revenue shortfall of $600 million.
Word of the third-quarter revenue shortfall had been bad enough.