N.J. Admin. Code § 13:69L-1.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 13:69L-1.1 - Description of taxes

(a) Subsection 144a of the Act imposes an annual tax on gross revenue, as defined in section 24 of the Act, in the amount of eight percent of such gross revenues.

(b) Section 95.19 of the Act imposes an annual tax on gross revenue from Internet gaming, as defined in section 28.2 of the Act, in the amount of 15 percent of such gross revenues.

(c) Gross revenue from casino sports pool operations, including mobile operations, is subject to an 8.5 percent annual tax, which shall be paid to the Casino Revenue Fund. An additional tax of 1.25 percent shall apply to such revenue, which tax shall be remitted by the State Treasurer to the Casino Reinvestment Development Authority for marketing and promotion of the City of Atlantic City.

(d) Gross revenue from casino online sports pool operations is subject to a 13 percent annual tax, which shall be paid to the Casino Revenue Fund. An additional tax of 1.25 percent shall apply to such revenue, which tax shall be remitted by the State Treasurer to the Casino Reinvestment Development Authority for marketing and promotion of the City of Atlantic City.

(e) Gross revenue from racetrack sports wagering operations, including mobile operations, is subject to an 8.5 percent annual tax, which shall be paid to the State General Fund. An additional 1.25 percent tax on such revenue shall be paid to the Department of the Treasury, pursuant to P.L. 2018, c. 130.

(f) Gross revenue from racetrack online sports wagering operations is subject to a 13 percent annual tax, which shall be paid to the State General Fund. An additional 1.25 percent tax on such revenue shall be paid to the Department of the Treasury, pursuant to P.L. 2018, c. 130.

N.J. Admin. Code § 13:69L-1.1

Amended by 50 N.J.R. 1652(a), effective 7/16/2018

Amended by 51 N.J.R. 1514(b), effective 10/7/2019