NJ FY 2026 Online Casino and Sports Betting Tax Hike Finalized at 19.75%
On June 30, 2025, New Jersey finalized its FY26 budget, locking in a new tax rate of 19.75% on online casino and sports betting revenue. The change follows months of industry pushback after the Governor’s February proposal to raise the rate to 25%.
While the final number came in lower than initially proposed, it still marks a significant increase from the previous 15% online casino tax, a 13% online sports betting tax and a 10.5% daily fantasy sports operating fee. The increase highlights a growing trend: as New Jersey and other states seek to close budget gaps, the online gaming sector remains a target for new revenue.
Some More NJ Casino Updates To Know
- The conversation around casino expansion beyond Atlantic City continues to gain traction. Learn more about SCR130 and what to expect from NJ’s next big gaming debate.
- On June 30, the NJ Senate advanced legislation that would ban sweepstakes casino operators from doing business in the state. Bill A5447 now awaits the Governor’s signature.
- The former Atlantic Club is for sale.
How TZG Can Help
At TZG, we’re helping clients understand the impact of the new tax rate and stay ahead of what’s coming next. We’re closely tracking developments around the sweepstakes ban, casino expansion discussions, and other emerging issues, and we’re here to provide the context and guidance needed to navigate these changes. Our role is to keep you informed, identify where engagement matters and support your goals as the gaming landscape in New Jersey continues to shift.
About The Zita Group
The Zita Group is a woman-owned government and public affairs firm, both founded and led by Patrizia “Trish” Zita. Our bipartisan, experienced team of strategic consultants is widely respected by elected, appointed and government officials of both parties across New Jersey’s political landscape. We provide our clients unique insights into the decision-making process at the highest levels. We bring to bear credible working relationships with executive branch officials, legislators, and staff. Our team’s effectiveness has been demonstrated again and again by the results we achieve for our clients.
