While there is plenty of opposition to Gov. Phil Murphy’s proposal to raise New Jersey sports betting taxes, at least one lawmaker sees the positives.
Sen. John McKeon said last week he supports Murphy’s tax increase included in a recent budget proposal. The budget nearly doubles both the tax rate for NJ sports betting and online casino gambling from 13% and 15%, respectively, to 25%.
“The issue of raising these tax rates has been something I have championed for over a year now, so I commend the governor for recognizing the revenue-generating potential of these rapidly growing industries for our state,” McKeon said in a statement.
