{"id":10647,"date":"2025-03-04T13:28:14","date_gmt":"2025-03-04T13:28:14","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&#038;p=10647"},"modified":"2025-03-04T13:28:14","modified_gmt":"2025-03-04T13:28:14","slug":"new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/","title":{"rendered":"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">New Jersey Governor Phil Murphy has unveiled a proposal to nearly double the state&#8217;s tax rates on online gambling and sports betting to 25%, up from the current 15% and 13% respectively. This initiative is part of his $58.1 billion budget plan for Fiscal Year 2026, aiming to bolster state revenues by an estimated $402.4 million. \u200b<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The proposed tax hike is expected to allocate an additional $322.6 million to the Casino Revenue Fund and $80 million to the state&#8217;s General Fund. Governor Murphy&#8217;s administration projects that these changes will increase total gaming revenues to approximately $989.9 million, marking a 54.2% rise from the previous fiscal year. \u200b<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting2-1024x683.jpg\" alt=\"\" class=\"wp-image-10650\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting2-1024x683.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting2-300x200.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting2-768x512.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting2.jpg 1299w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">However, the proposal has encountered bipartisan opposition. State Senators John Burzichelli (D) and Michael Testa (R) expressed concerns that the tax increase could jeopardize the success of New Jersey&#8217;s gaming industry. In a joint statement, they noted, <em>&#8220;Doubling the tax on online sports betting and iGaming is putting a New Jersey success story at significant risk.&#8221;<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"775\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting3.jpg\" alt=\"\" class=\"wp-image-10649\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting3.jpg 775w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting3-300x194.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting3-768x495.jpg 768w\" sizes=\"auto, (max-width: 775px) 100vw, 775px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Industry representatives have also voiced apprehension. Mark Giannantonio, president of Resorts Casino Hotel and the Casino Association of New Jersey, warned that the proposed tax increase &#8220;will threaten the stability of Atlantic City\u2019s gaming and tourism industry, as well as the industry\u2019s workforce.&#8221; \u200b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-wont-see-its-new-gambling-tax-proposal-until-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">New Jersey won\u2019t see its new gambling tax proposal until 2025.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The governor&#8217;s proposal is part of a broader trend, with states like Ohio and Maryland also considering increases in gambling tax rates to address budgetary needs. As New Jersey&#8217;s legislature reviews the budget, debates are expected to intensify over the potential impact of the tax hike on the state&#8217;s gaming sector and overall economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor Phil Murphy proposes increasing New Jersey&#8217;s online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget<\/p>\n","protected":false},"author":1,"featured_media":10651,"menu_order":124,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[1458,57,4847],"class_list":["post-10647","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-america","tag-casinos","tag-newjersey","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Governor Phil Murphy proposes increasing New Jersey&#039;s online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Governor Phil Murphy proposes increasing New Jersey&#039;s online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"562\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/\",\"name\":\"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg\",\"datePublished\":\"2025-03-04T13:28:14+00:00\",\"description\":\"Governor Phil Murphy proposes increasing New Jersey's online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg\",\"width\":1000,\"height\":562},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Americas\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/america\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/\",\"name\":\"Mundo Video Entertainment | Casino News in Latin America and the World\",\"description\":\"Gambling news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting - Mundo Video Entertainment | Casino News in Latin America and the World","description":"Governor Phil Murphy proposes increasing New Jersey's online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/","og_locale":"en_US","og_type":"article","og_title":"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting - Mundo Video Entertainment | Casino News in Latin America and the World","og_description":"Governor Phil Murphy proposes increasing New Jersey's online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget","og_url":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/","og_site_name":"Mundo Video Entertainment | Casino News in Latin America and the World","og_image":[{"width":1000,"height":562,"url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/","url":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/","name":"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting - Mundo Video Entertainment | Casino News in Latin America and the World","isPartOf":{"@id":"https:\/\/www.mundovideo.com.co\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#primaryimage"},"image":{"@id":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg","datePublished":"2025-03-04T13:28:14+00:00","description":"Governor Phil Murphy proposes increasing New Jersey's online gambling and sports betting tax rates to 25%, aiming to generate an additional $402.4 million in revenue for the FY2026 budget","breadcrumb":{"@id":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#primaryimage","url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg","contentUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting.jpg","width":1000,"height":562},{"@type":"BreadcrumbList","@id":"https:\/\/www.mundovideo.com.co\/en\/america\/new-jersey-governor-proposes-significant-tax-hike-on-online-gambling-and-sports-betting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.mundovideo.com.co\/en\/"},{"@type":"ListItem","position":2,"name":"Americas","item":"https:\/\/www.mundovideo.com.co\/en\/america\/"},{"@type":"ListItem","position":3,"name":"New Jersey Governor Proposes Significant Tax Hike on Online Gambling and Sports Betting"}]},{"@type":"WebSite","@id":"https:\/\/www.mundovideo.com.co\/en\/#website","url":"https:\/\/www.mundovideo.com.co\/en\/","name":"Mundo Video Entertainment | Casino News in Latin America and the World","description":"Gambling news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america\/10647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america"}],"about":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/types\/america"}],"author":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/comments?post=10647"}],"version-history":[{"count":1,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america\/10647\/revisions"}],"predecessor-version":[{"id":10652,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america\/10647\/revisions\/10652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media\/10651"}],"wp:attachment":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media?parent=10647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/categories?post=10647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/tags?post=10647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}