While the tax charged on casinos that are land-based in New Jersey are higher than that charged in Nevada, it remains lower than that of states like Pennsylvania, giving NJ quite an edge above the rest. A 13% tax is charged on the revenue from land-based casinos and a 14.25% tax charge on revenue from racetrack related sporting venues. The NJ sports-betting law requires that there is an 8.5% tax charged on revenue generated from sports-betting in the state.
Today’s read will focus on all matters sports-wagering in New Jersey, providing you with interesting insights that you will absolutely love. New Jersey was among the states that spearheaded the debate on lifting one of the bans that prohibited sports wagering outside the state of Nevada.Įver since NJ Sports-betting legalization, this Garden State has transformed into a wagering powerhouse.
Over the years, the betting entities have grown in number, leaving players spoiled for choice when it comes to online gambling platforms to choose from.
New Jersey saw sports wagering get legalized in the state back in 2018.
