New Jersey Lawmakers Pass College Sports Betting, Casino Tax Relief Bills

Spread the Word:

New Jersey lawmakers have approved an array of gaming bills, including the one which calls for a constitutional amendment on in-state college betting. Other significant changes include financial relief for Atlantic City casinos in the wake of pandemic-led declines.

On Thursday, the state’s Senate passed, SCR 133, by a 36-1 vote majority. The bill would empower voters to decide the fate of in-state college sports betting in the Nov. 2021 general election.

Currently, the Garden State bans betting on games involving New Jersey college teams, or games played in New Jersey involving teams from other states. SCR 133 will put both the matters to the vote by the end of this year.

Tax Relief for Casinos

The New Jersey Legislature scheduled Thursday to vote on four gambling bills. Another most crucial bill would provide relief to the state’s casinos that were forced to close more than three months last year due to the COVID-19. Only recently the casinos were allowed to open with 100% capacity.

A bill would exempt the casinos from taxation the first $90 million of promos, that the operators give to gamblers for two years. The same measure would also extend the casinos some relief from their 8% taxes to the state if their 2021 in-person gambling revenue dips below the monthly revenue for the comparable month in the period from Mar. 2019 through Feb. 2020.

The coronavirus-led shutdowns, and the reluctance of many gamblers to go to in-person facilities last year, knocked 80% off the Atlantic City casinos gross operating for last year.

Other Bills

Another bill would allow charitable, religious, and other groups to conduct bingo or raffles remotely, and the last measure would call for a referendum to allow such entities to use the money of those games to support themselves. Currently, only senior citizens and veterans may use the proceeds from those games to support their groups.

While casino tax relief bill has been sent to the governor’s desk, the sports betting expansion and the bingo and raffle bills have to receive concurrence from the Assembly.

New Jersey In-State College Months Away?

New Jersey – the national leader of sports betting – does not allow betting on college sports or athletic events taking place in the state. The Garden State also bans wagering on an athletic event in which a New Jersey college team participates.

If voters approve the measure later this year, the state lawmakers will be able to approve betting on any college sport.

Earlier this month, the New Jersey Assembly Tourism, Gaming and Arts Committee approved a resolution to amend the state constitution to allow for sports betting on all in-state college events and games including in-state college teams.

While speaking to a media entity, Assemblyman Vince Mazzeo had said, “From a competitive edge, we should have what other states have in regards to collegiate betting.”

New Jersey is the largest sports betting in the United States. Recently, the Garden State reported $747 million in its April sports betting handle report.

New Jersey has just eclipsed Nevada in overall handle in the post-PASPA era. 

Related News

Jersey Skyline
August 21, 2021

New Jersey Sports Betting Handle Below $600M First Time in Year

New Jersey sports betting this July reported its worst handle in a year, dipping below $600 million handle for the first time since July 2020. Even the NBA Finals and […]

read more
October 15, 2020

New Jersey Sets A Record-Breaking Sports Betting Handle

The state of New Jersey has recorded an unprecedented boom in sports betting in August, with around a $668 million betting handle. Amid all the adversities including the coronavirus pandemic, […]

read more
July 8, 2019

Gamblers Relieved After New Jersey Casino Shutdown Avoided

Gamblers in New Jersey can relax, after a threat to temporarily close Atlantic City’s brick and mortar casinos have passed. Earlier in the year, the New Jersey Division of Gaming Enforcement […]

read more
Jersey Skyline
August 11, 2021

New Jersey Becomes First State to Legalize Fixed-Odds Horse Race Betting

New Jersey has become the first US state to legalize fixed-odds horse race betting after Gov. Phil Murphy signed the bill to that effect on Thursday. The state’s General Assembly […]

read more
View of Jersey city
July 3, 2021

New Jersey Voters to Decide on College Sports Betting This November

New Jersey voters will have the opportunity in November to decide in favor of sports betting on the state’s college teams, or teams from other states playing games in the […]

read more
November 20, 2019

New Jersey Charitable Gaming Laws

N.J.S.A. Const. Art. 4, § 7, ¶ 2 2. No gambling of any kind shall be authorized by the Legislature unless the specific kind, restrictions and control thereof have been […]

read more
New Jersey sportsbook handle February
June 2, 2021

New Jersey Eclipses Nevada Sports Betting in Post-PASPA Handle

New Jersey has finally overtaken Nevada sports betting market in the total post-PASPA handle as Nevada released its monthly report. According to the latest numbers released Thursday by Nevada Gaming […]

read more
New Jersey sportsbook handle February
June 18, 2021

New Jersey Sports Betting Posts Baseball-filled Handle Rise in May

Baseball poured shower on New Jersey sports betting amid a parched season as the state’s sportsbooks reported a 9% increase in May. According to the latest figures released Wednesday by […]

read more
New Jersey sportsbook handle February
May 19, 2021

New Jersey Posts $748M Sports Betting Handle in April

Despite a typically slow month, New Jersey sports betting saw $748 million handle in April, representing a whopping 1270% year-over-year increase. However, the monthly handle was 13% down from March […]

read more
June 11, 2019

New Jersey iGaming Posts Second-Highest Monthly Revenue Total in April

Throughout the month of April, the iGaming industry in New Jersey posted its second-strongest monthly revenue total ever at $36,582,934. That figure – comprised of the combined online casino and poker […]

read more
Jersey Skyline
July 19, 2021

New Jersey June Sports Betting Revenue Increases 35%

Despite a declining month for New Jersey sports betting in terms of handle, revenue increased to 35% in June, which neutralized the bitter effects of a typically slow season. According […]

read more
New Jersey sportsbook handle February
August 17, 2021

New Jersey Sports Betting Handle Below $600M First Time in Year

New Jersey sports betting this July reported its worst handle in a year, dipping below $600 million handle for the first time since July 2020. Even the NBA Finals and […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.