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New Jersey lawmakers reportedly agree 19.75% online gambling tax

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New Jersey lawmakers reportedly agreed on a 19.75% tax rate for online gambling on 23 June, below Governor Phil Murphy’s proposed 25% rate. The legislature had until 1 July to pass the 2026 budget; the reported agreement was not officially confirmed in the source.

The reported rate would change the tax burden on online sportsbook and casino operators in New Jersey.

End-of-day close DraftKings (DKNG), USD, to 8 August 2025
Story date12 May 20258 August 2025

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