New Jersey Advances Sports-Betting Tax Relief Bill

  • Assembly Appropriations Committee sends sports-betting tax relief bill to floor
  • Separate bill providing tax relief to Atlantic City casinos held in committee
  • Large losses may put at least one Atlantic City casino in jeopardy, economist says

The New Jersey Assembly Appropriations Committee on Thursday unanimously passed a bill allowing operators to deduct promotional bets from sports-wagering taxes, while holding another bill that would provide tax relief to Atlantic City’s nine casinos.

The committee sent Bill A.4002 to the Assembly floor. The sports-betting bill was introduced in May but was only recently referred to committee.

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