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deskgameIt’s absurd that New Jersey’s tax rate on online gaming and sports betting is less than half that of neighboring states. For comparison, New York’s online sports betting operators pay 51%; in Pennsylvania, it’s 36%. Those are two of the highest online sports betting tax rates in the U.S.
deskgameIt was for those reasons, as Chairman of the Senate Economic Development Committee, I began a nearly ten-year journey to challenge the federal ban on sports betting and to authorize online gaming in New Jersey. I was successful on both despite eight losses in federal court, before the US Supreme Court ruled in my favor and our casinos became the beneficiary of the added revenue needed to reopen the five casinos and restore lost jobs. In addition, horse racing and the jobs at Monmouth Park and The Meadowlands were preserved.
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