Modifies tax on certain forms of online gaming and wagering.

This bill increases tax rates on three forms of online wagering in New Jersey: from 15% to 19.75% for Internet gaming, from 13% to 19.75% for Internet sports wagering, and from 10.5% to 19.75% for fantasy sports operations. The tax revenue will be directed to the Casino Revenue Fund, State General Fund, and specific associations supporting horse racing and gambling prevention programs. The bill also establishes that 0.75% of funds from racetrack operations will go to the municipality and 0.5% to the county where racetracks are located. These tax changes apply to operators providing these services and take effect July 1, 2025.