As online gaming and sports betting become crucial for casino revenue, states like New Jersey, Maryland, Ohio, and Mississippi are proposing significant tax increases. New Jersey's Gov. Phil Murphy is looking to raise the online gaming tax rate from 13% to 25% amid a record $58.1 billion budget proposal, while Maryland's Gov. Wes Moore aims to double their sports betting tax. Various lawmakers express apprehension over public acceptance of such tax hikes, which may pose challenges in legislative approval.
"The process is just beginning," State Sen. John Burzichelli told NJ.com. "There's not an appetite in my mind - I can't speak for everyone - for new taxes. There's just enough stress around everything that new taxes are hard to sell to anybody."
New Jersey Gov. Phil Murphy recently released a new budget for the 2026 fiscal year, which includes a record $58.1 billion in expenditures, almost doubling the tax rate on online casino and sports betting industries.
In Maryland, Gov. Wes Moore's new budget includes a boost to the state's online sports betting tax rate, aiming to help cover a $3 billion budget shortfall.
Murphy included go-cart racing, laser tag, bowling, interior design services, horse training and vehicle trade-ins in the tax increase, but there are countless others as well.
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