New Jersey Introduces Sportsbetting Integrity Fee in Bill

This story was published more than 2 years ago.

The State of New Jersey is about to get a ruling on its sportsbetting legal challenge from the Supreme Court, but lawmakers are already preparing for a win by introducing a new bill that would regulate the activity.

The most recent bill was introduced by Assemblypeople Eric Houghtaling, Joann Downey, and John Burzichelli, and would require operators to put up an integrity fee to be paid before wagers are accepted. The Garden State has put up nearly $9 million in legal fees to push the sportsbetting case to the Supreme Court, and is likely looking to recoup those costs quickly.

Fees and taxes included in the bill include:

  • Sportsbetting revenues taxes at 12.5%
  • $100,000 deposit for each sportsbetting license application, which will be credited toward an initial issuance fee if a license is granted
  • Initial issuance fee of $500,000
  • Annual renewal fees of $250,000
  • Integrity fee equal to the lesser of $7.5 million or 2.5% of sportsbetting GGR
  • $500,000 annual fee to the State Government Fund. The state's DHS will appropriate that money to the Council of Compulsive Gambling as well as other compulsive treatment programs

We are eagerly awaiting the Supreme Court's decision on sportsbetting. If the court rules in favor of New Jersey, it will likely open the door to expanded sportsbetting throughout the United States.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
1 reply • Last post

Comments

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7348
Thanks given: 3971
Thanks received: 1092
8 May 2018 - 7:17pm
#1
Quote:

If the court rules in favor of New Jersey, it will likely open the door to expanded sportsbetting throughout the United States.

Yeah I think you're right about that man,...so good luck 😉

Otherwise if I would of own one it wouldn't be operating in NJ, but those fees would of have a positive effect over that who entering the market, for sure only huge and legitimate bookies will do that in those circumstances.