New Jersey lawmakers this week unveiled a state budget proposal for the 2025 fiscal year that does not include increased internet gaming tax revenue from sports betting and NJ online casinos.
While expected, it’s still a relief for an online gaming industry reeling from the online sports betting tax increase recently implemented in the Illinois state budget.
Sen. John McKeon introduced S3064 in April with the goal of increasing New Jersey’s online casino tax rate from 15% to 30% and online sports betting tax rate from 13% to 30%.
“I’m disappointed that we didn’t get it done in time to be helpful this budget cycle,” McKeon told PlayUSA.
