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Supreme Court struck down the bill (Professional and Newbie Sports Safety Act) that previously banned sports activities wagering. The tax enhance would place New Jersey at the higher end of online gambling and sports betting tax rate. However, the success of its neighbors could have performed an element in why Murphy views this as a solution. Governor Phil Murphy’s 2026 fiscal 12 months budget includes a plan to raise the New Jersey sports activities betting and New Jersey online casinos tax fee from 13% and 15%, respectively, to 25% for every.
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