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.
deskgameThe proposed higher tax by some legislators is irrelevant New York and Pennsylvania, because those states subsidize their racetracks $200-$250 million yearly, while New Jersey gives Monmouth Park and The Meadowlands each about $20 million annually.
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