New Jersey S3064 modifies taxes on internet casino gaming and sports wagering.
New Jersey S3064 modifies tax rates on internet casino gaming and sports wagering. The bill raises the tax on internet casino gaming from 15 percent to 30 percent and increases the tax on internet sports wagering from 13 percent to 30 percent. It also imposes a 1.25 percent tax on amounts received from sports wagering operations, excluding winnings paid to patrons. The bill specifies how revenues will be distributed and used, including payments to various associations and funds for compulsive gambling programs and economic development.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.