Two largest operators would see taxes in the state increase by an estimated $126 million New Jersey hasn’t officially approved governor’s plan to boost iGaming, sports wagering taxes DraftKings and FanDuel, the two largest online sportsbook operators in the US, would bear the brunt of increases should New Jersey approve proposed iGaming and sports betting tax hikes. New Jersey Gov. Phil Murphy (D) at a recent press event. DraftKings and FanDuel would see significant increases if the state raises internet gaming taxes. (Image: NJ Governor’s Office) In a new report, Eilers & Krejcik Gaming (EKG) estimated that those two companies would see their tax tabs increase by a combined $126 million this year should the Garden State proceed with boosting internet wagering levies. Last month, Gov. Phil Murphy (D) proposed increasing the state’s tax on iGaming revenue from 15% to 25% while nearly doubling its levy on online sports betting to 25% from 13%. Those ideas have not been signed… Read More
Category: Financial, iGaming, Mid-Atlantic, Politics, Regional News, Sports Betting, mid-Atlantic, regional news, sports betting
Source: Casino.org
