N J Governor Proposes Tax Hikes On On-line Playing And More Njcom

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Supreme Court struck down the bill (Professional and Novice Sports Activities Protection Act) that previously banned sports wagering. The tax improve would place New Jersey at the larger end of online playing and sports betting tax price. Nonetheless, the success of its neighbors could have performed a part in why Murphy views this as an answer. Governor Phil Murphy’s 2026 fiscal 12 months price range includes a plan to raise the New Jersey sports betting and New Jersey online casinos tax price from 13% and 15%, respectively, to 25% for each.
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