New NJ Budget Proposal Excludes Increased iGaming Tax Revenue
June 28, 2024
This week, New Jersey lawmakers unveiled a state budget proposal for the 2025 fiscal year that does not include increased internet gaming tax revenue from sports betting and online casinos
Even though the tax increase wasn’t included in the budget, given what we have seen in other states, we expect to see continued activity in New Jersey around increasing the tax rate. iDEA will continue to monitor the activity of the New Jersey Legislature.