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deskgameBut they are mixing apples with oranges. The tax increase would fall only on online gaming operations, the casinos and the racetracks get a percentage of the net revenue from online gaming and the sports books. A higher tax will reduce revenue to the casinos and racetracks.
deskgameWe can’t bet on the federal government to ensure gambling companies are reevaluating their regulatory compliances and working to address new ways gambling habits can become unmanageable. Sixty-one percent of New Jersey residents reported gambling last year. The Rutgers University Center for Gambling Studies’ 2023 Prevalence Report finds online gambling is most popular among young adults 18-24. In 2017, only 7% of this age group preferred online betting; that number surged to nearly 34% in 2023.
