SectorWire
SearchRegister
MenuClose

New Jersey lawmakers propose 30% tax on online gambling revenue

Regulation

New Jersey Governor Phil Murphy proposed raising taxes on online casino revenue from 15% to 25% and online sports betting revenue from 13% to 25% in his fiscal 2026 budget. Separate bills filed by Democratic lawmakers would set a 30% levy on gross revenue from both activities; the Casino Association of New Jersey and operators it represents oppose the increases.

The proposed rates could change the tax burden for online casino and sportsbook operators in New Jersey.

End-of-day close DraftKings (DKNG), USD, to 11 April 2025
Story date13 January 202511 April 2025

Request a correction

Flag an issue

Keep reading

Regulation

US lawmakers propose federal gambling disorder study funded by wager taxes

Representatives Dan Goldman and Blake Moore introduced the Gambling Disorder Health Study Act on 3 June, proposing a multi-year federal study of gambling disorder and prevention and treatment approaches. The bill would direct 10% of federal excise tax revenue on state-authorised wagers to fund the work for up to three fiscal years, with annual reports to Congress from the Health and Human Services Secretary.

Continue reading