New Jersey Governor Phil Murphy and legislative leaders are finalizing a new state budget that includes proposed tax hikes on online gaming, as reported on June 25, 2025. The deal includes a 'less than 20% tax' on both online sports betting and iGaming.
This potential tax increase could impact operators like Rush Street Interactive, which has real-money mobile and online operations in New Jersey. Such regulatory changes can affect the profitability and operational landscape for online betting companies.
The proposed tax hike is part of broader budget discussions, and its final implementation could alter the economic environment for online gaming within the state. Companies in the betting space are monitoring these developments closely.
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