April 12, 2024

NJ Bill S3064 to Hike Online Gambling Taxes to 30%

The Stakes Are Rising: New Jersey Proposes Hefty Online Gambling Tax Increase Attention, New Jersey gamblers and stakeholders! A new legislative move could transform the online gambling landscape in the Garden State. Senator John McKeon has introduced a groundbreaking proposal, Bill S3064, which seeks to escalate the tax rate on online gambling and sports betting […]

March 28, 2024

NJ Bill S3064 Aims to Double Online Gambling Taxes to 30%

Sweeping Change: New Jersey Considers Major Tax Hike on Online Gambling In a bold legislative move poised to fundamentally alter the online gambling landscape, New Jersey Senator John McKeon has introduced Bill S3064, a proposal that seeks to significantly raise the tax rates for online sports betting and casino gaming to an unprecedented 30%. This […]