NJ ONLINE SPORTS BETTING TAX HIKE FROM 13% TO 30% PROPOSED!

By Skip Charles in Vegas

Check out the Washington Post’s latest reporting on gambling tax rates:

As operators insist they won’t put up with higher taxes, some states are attempting to call their bluff.

New Jersey state Sen. John F. McKeon (D) recently proposed raising the tax on online sports betting from 13 percent to 30 percent, noting New Jersey leads the nation in money wagered on sports since 2018 but neighboring New York and Pennsylvania have generated more in taxes because of their higher rates.

“Why should they be in a position to make windfall profits?” he said in an interview.

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