NJ Bill Would Up Online Tax Rate to 30%

A bill introduced into the New Jersey Senate would see online gambling taxes increased from the current rates to 30%, which would no doubt see some drama from the state's gaming operators.

The bill is formally known as S3064 and would see rates rise from 14.25% for online sportsbetting and 17.5% for online casino gaming up to 30% for both. The move is being made to make New Jersey's tax rate comparable with other states, as Pennsylvania has a 36% rate and New York has a 51% rate (although promotional deductions can make the rate as low as 24%).

New Jersey was the first state to implement legal online casino gaming, and it was the driving force for seeing sportsbetting legalized and regulated throughout the country. The Garden State is a major player in all online gaming markets, with the industry padding the decline of land casinos in Atlantic City.

The bill will now head to the Senate State Government, Wagering, Tourism & Historic Preservation Committee where it'll be debated. If it advances there, it'll move to the full Senate for a vote. If it passes, it will move to the House for the same procedures.

Casino Listings News will update readers as we learn more.

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.

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