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.

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.”

The Senate State Government, Wagering, Tourism & Historic Preservation Committee and the Assembly Tourism, Gaming and the Arts Committee met jointly. The committee received testimony from invited speakers on the topic of online sports betting and its impact on the State.