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New Jersey Senator John McKeon proposes a new bill, "Senate Bill 3064," aiming to double the tax rate for online gambling and sports betting to 30 percent, starting January 1st after approval. Although this would be a significant hike, it still falls below tax rates in states like New York, which has a 51 percent tax on sports betting, making New Jersey's current rate comparatively lower.
Source: https://www.casinonewsdaily.com/blog/2024/04/15/new-jersey-senator-proposes-significant-tax-hike-for-online-gambling-and-sports-betting/
Source: https://www.casinonewsdaily.com/blog/2024/04/15/new-jersey-senator-proposes-significant-tax-hike-for-online-gambling-and-sports-betting/