New Jersey is one of the market leaders, along with Nevada and New York, according to Joe Maloney, the group’s president. The Garden State, where sports betting was legalized in 2018, will see almost $150 million in such wagers, he said.

The industry warns higher taxes may reduce odds and promos, driving users to offshore sites. Lawmakers remain divided, with South Jersey representatives hesitant to support new gambling tax increases.

FanDuel has opened the doors to its new office in Jersey City, where it occupies 12,000 square feet in a location that’s home to some 400 employees.

The economic impact of BetMGM in Jersey City goes far beyond employees, Exchange Place or tax revenue for the city and state.

Former NJ State Senator Ray Lesniak writes, “Recently legislative proposals have been made to increase taxes on online gaming. Big mistake.”