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S 3064

Establishes representative requirements for district leadership teams and school leadership teams

2025 Regular Session Introduced by Jabari Brisport and 5 co-sponsors

S.3064 raises NJ online gambling taxes to 19.75% for internet casino gaming, internet sports wagering, and daily fantasy sports, boosting Casino Revenue Fund and CRDA receipts.

REFERRED TO NEW YORK CITY EDUCATION
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Bill Summary · S 3064

Summary — S.3064 (Senate Committee Substitute / New Jersey)

Status: Reported by Senate Budget & Appropriations Committee as a substitute (6/26/2025). Companion: A5803. Fiscal impact: not yet determined.

Note on sources: The bill text and committee substitute relate to New Jersey wagering law. Some metadata provided with the request (title, committee referrals, sponsors) appears inconsistent with the bill text; this summary focuses on the statutory changes shown in the committee substitute and introduced versions.

Purpose

S.3064 amends New Jersey wagering statutes to raise tax rates applied to Internet-based gambling. The committee substitute reported June 26, 2025 increases taxes and fees on Internet casino gaming, Internet sports wagering, and daily fantasy sports activity.

Key provisions

  • Internet casino gaming tax

    • Current statutory rate: 15% of Internet gaming gross revenues.
    • Committee substitute: raises the rate to 19.75%, paid into the Casino Revenue Fund.
    • Other related taxes (casino gross revenue 8% exclusion, investment alternative tax at 5% with 2.5% alternative) remain referenced and unchanged except for the specified Internet rate.

  • Internet sports wagering tax

    • Current statutory rate: 13% on Internet sports wagers (net of winnings paid).
    • Committee substitute: raises the rate to 19.75%, payable to the Casino Revenue Fund.
    • An additional 1.25% on sports wagering receipts continues to be remitted to the Casino Reinvestment Development Authority (CRDA) for Atlantic City marketing/promotion.

  • Daily fantasy sports operating fee

    • Current fee referenced: 10.5%.
    • Committee substitute: raises the operating fee to 19.75% (text summary in committee report).

  • Racetrack distributions and local shares

    • Provisions that allocate net sports wagering revenues for racetracks (Meadowlands, Monmouth Park, Freehold) and local distribution formulas (e.g., 0.75% to municipality, 0.5% to county for racetrack-generated amounts) remain in place; the bill applies the higher Internet tax rates to these Internet wagering receipts as specified.

  • Effective date

    • Introduced version states: the act takes effect January 1 following enactment. The committee substitute reported June 26, 2025 is the operative reported form; typically an effective date provision applies similarly but should be confirmed in the final enrolled text.

Who would be affected

  • Internet casino operators and online sports wagering operators licensed in New Jersey (higher tax/fee burden).
  • Daily fantasy sports operators (higher operating fee).
  • Casino Revenue Fund and State General Fund (increased receipts).
  • CRDA and municipal/county beneficiaries (allocation of specified additional percentages continues).
  • Horse racing permit holders and racetrack partners (tax treatment and distribution formulas continue to apply to Internet wagering).

Fiscal and procedural notes

  • The committee report states fiscal information is currently unavailable.
  • Two versions appear in the record:
    • Committee Substitute (6/26/2025): increases to 19.75% (documented in the Senate Budget & Appropriations Committee statement).
    • Introduced version (earlier draft): proposed increases to 30% for Internet gaming and Internet sports wagering (not the committee substitute).
  • The committee substitute (19.75%) is the most recent reported version and would supersede the introduced text if enacted.

Legislative history (selected)

  • Introduced in Senate: 2024–2025 session dates appear in the record; reported as a substitute by the Senate Budget & Appropriations Committee on 6/26/2025. Companion A5803 substituted 6/30/2025.

For final enactment, confirm the enrolled bill text, the effective date, and any accompanying fiscal note prepared by the State Treasurer or Budget Committee.

Compiled from official sources — confirm details with the bill’s official record.

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