NJ Bill Would Hike Gambling Taxes to 30%

A bill introduced by New Jersey state senator John McKeon would increase the tax rate for online gambling in the Garden State to 30%, up from the current rate of 14.25% for sportsbetting and 17.5% for online casino gaming.

Senator McKeon introduced Senate Bill 3064, which would up the respective tax rates for the activities, unifying them at 30%. The move was made to raise additional funds in the state and to bring the state's tax rate in line with neighboring states. Pennsylvania has a rate of 36%, while New York taxes revenues at 51%.

New Jersey was the first state to legalize online casino gaming and legalized sportsbetting after pressing the issue at the United States Supreme Court.

We'll be following the progress of this bill and will be updating readers as it progresses through the New Jersey legislature.

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.

Comments

Post new comment

There are currently no comments on this page. Be the first!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.