New Jersey approves daily fantasy sports bill

Under the new bill which was voted through by 56-15, the New Jersey Division of Consumer Affairs would be allowed to issue permits to fantasy sports operators, including casino licensees and racetracks.

A quarterly 10.5% tax on gross revenue of daily fantasy sports operators would be created, while New Jersey lawmakers also say the legislation includes consumer protections.

Commenting on the result, co-sponsor of the bill and Democratic Assemblyman, John Burzichelli, told the Star Tribune: “This ensures that people can enjoy fantasy sports without being taken advantage of.”

New Jersey is one of the few states that have approved comprehensive legislation on the iGaming industry. The newly-approved daily fantasy sports bill now heads to the state senate.

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Josh Fisher

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Josh Fisher is an experienced journalist and editorial leader who contributed to Gambling Insider as a guest writer, providing industry-focused news coverage and insight for the publication. His work for Gambling Insider included reporting on marketing strategy and brand development within the online casino sector, such as Mansion’s high-profile TV and marketing campaign for Casino.com.

Joshua has since built a distinguished career in B2B media and currently serves as Editor in Chief at Endeavor Business Media, where he oversees editorial direction, content strategy and publication quality across a diverse portfolio.

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