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Daily Archives: March 29, 2024

March 29, 2024

State of the Union: A look back at the week that was in North America

Welcome to iGB's State of the Union, a look at the biggest sports betting stories we've covered over the week and briefs on others we found interesting.

NJ senator proposes online gaming tax hike

New Jersey Senator John McKeon has filed a bill that would increase the tax on online casino and digital sports betting platforms to 30%. Online casinos currently pay a 15% state tax, while sports betting platforms pay 13% of gross gaming revenue. The bill is one line and does not include an effective date or argument for the proposed change.

New Jersey law requires that online casinos and sportsbooks be tethered to brick-and-mortar locations, including casinos and horse racetracks. There are currently 30 online casinos and 18 digital sportsbooks.

In general, sportsbook operators are most comfortable with a tax rate of 10% or less. A 30% tax on sports betting would move New Jersey from one of the most favourable places to do business to one of the least.

Of the nearly 40 US j..

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March 29, 2024

Georgia lawmakers fail (again) to legalise sports betting

Georgia's General Assembly went to the brink on Thursday night (28 March) and still it didn't legalise sports betting.

In fact, the package of bills that got through the senate in less than three weeks never even got in front of the full house for consideration.

Two amended legal sports betting bills – a constitutional amendment and enabling legislation – got out of the House Higher Education Committee early Thursday morning, although sources say the committee had the votes to move the package the previous night. That left about 15 hours to negotiate a deal before the session ended, but the Rules Committee – which met at least three times on Thursday – declined to consider the bills.

This was the fourth consecutive session during which Georgia lawmakers could not come to a consensus and the second time legal wagering became a political football.

In 2021, state Democrats pulled their support after Republicans passed a controversial voting rights bill. This year, the Repu..

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