New Jersey Senator McKeon wants to increase taxes on online sports betting and casino gaming.
He proposes raising the tax rate to 30%, more than double the current rate. Compared to neighboring states, New Jersey's current tax rates are much lower.
Other states like Illinois and Ohio are also considering similar tax hikes. Despite this, New Jersey gaming industry is thriving, with record-breaking revenues in recent months.
He proposes raising the tax rate to 30%, more than double the current rate. Compared to neighboring states, New Jersey's current tax rates are much lower.
Other states like Illinois and Ohio are also considering similar tax hikes. Despite this, New Jersey gaming industry is thriving, with record-breaking revenues in recent months.
