Tag: New Jersey Fantasy Sports
New Jersey Fantasy Sports Would Not be Regulated as Gambling
July 26, 2017
The clock is now ticking on Gov. Chris Christie officially signing A3532, a bill regulating daily fantasy sports (DFS) that was passed by the New Jersey Senate on Friday, June 30. The measure, which sailed through the chamber by a comfortable 29-6 margin, would tax DFS operators at a rate of 10.5 percent of gross revenues each quarter. Initial estimates are that the bill would net the Garden State approximately $6.6 million per year. If passed, the bill would classify DFS as a non-gambling game of skill, which means that its oversight would not fall to the Division of Gaming…