The New Jersey lawmaker who proposed raising the tax rates on internet gambling and online sports betting nearly a year before Gov. Phil Murphy did so says the two forms of gambling don’t pay “their fair share” of taxes.
Sen. John McKeon, D-Essex, Passaic, said Friday he supports the governor’s call for higher taxes on both forms of gambling — something he advocated for 10 months ago in a bill that has gone nowhere since then.
In his budget address Tuesday, the Democratic governor proposed increasing the tax rate on both forms of online betting to 25%. Online sports betting is currently taxed at 13%, and internet gambling is taxed at 15%.
