New Jersey Senator John McKeon has introduced Senate Bill 3064, aiming to raise the tax for online gambling and sports betting to 30%.
Currently taxed at 15% and 13% respectively, this bill would significantly impact the industry. If passed, it would take effect on the next January following enactment.
This move mirrors Ohio's recent doubling of its tax rate.
Currently taxed at 15% and 13% respectively, this bill would significantly impact the industry. If passed, it would take effect on the next January following enactment.
This move mirrors Ohio's recent doubling of its tax rate.
