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NJ A5803

Bill

Official Source

Status

Passed

6/30/2025

Primary Sponsor

Rosy Bagolie

Click for details

Origin

General Assembly

2024-2025 Regular Session

AI Summary

  • Increases the annual tax on Internet gaming gross revenues from 15% to 19.75%, with proceeds paid into the Casino Revenue Fund

  • Sets the investment alternative tax on Internet gaming gross revenues at 5% (with a 2.5% investment alternative option)

  • Raises the tax on Internet sports wagering from 13% to 19.75% for both casinos and horse racing permit holders (racetracks)

  • Increases the operations fee for fantasy sports operators from 10.5% to 19.75% of fantasy sports gross revenue, paid quarterly to the State General Fund

  • Takes effect July 1, 2025

Legislative Description

Modifies tax on certain forms of online gaming and wagering.

Bills and Joint Resolutions Signed by the Governor

Last Action

Approved P.L.2025, c.66.

6/30/2025

Committee Referrals

Budget6/26/2025

Full Bill Text

No bill text available