New Jersey A 5359: Establishes annual fee for sports wagering licensees; directs funds from such fees to Council on Compulsive Gambling and gambling addiction treatment programs.

Bill Text

ASSEMBLY, No. 5359  
STATE OF NEW JERSEY 
221st LEGISLATURE 
   
INTRODUCED FEBRUARY 25, 2025 
 
 
Sponsored by: 
Assemblyman  WILLIAM F. MOEN, JR. 
District 5 (Camden and Gloucester) 
 
 
 
 
SYNOPSIS 
 Establishes annual fee for sports wagering licensees; directs funds from such 
fees  to  Council  on  Compulsive  Gambling  and  gambling  addiction  treatment 
programs.  
 
CURRENT VERSION OF TEXT  
 As introduced. 
    

 
A5359 MOEN 
2 
 
 EXPLANATION – Matter enclosed in bold-faced brackets [thus] in the above bill is 
not enacted and is intended to be omitted in the law. 
 
 Matter underlined thus is new matter. 
AN ACT concerning  the  annual  fees  to  be  paid  by  sports  wagering 1 
licensees  and  funding  for  the  Council  on  Compulsive  Gambling, 2 
and amending P.L.2018, c.33. 3 
 4 
 BE IT ENACTED by the Senate and General Assembly of the State 5 
of New Jersey: 6 
 7 
 1. Section 7 of P.L.2018, c.33 (C.5:12A-16) is amended to read 8 
as follows: 9 
 7. The  sums  received  by  the  casino  from  sports  wagering  or 10 
from  a  joint  sports  wagering  operation,  less  only  the  total  of  all 11 
sums actually paid out as winnings to patrons, shall not be taxed as 12 
gross  revenue  as  specified  under  section  24  of  P.L.1977,  c.110 13 
(C.5:12-24)  but  shall  be  subject  to  an  8.5  percent  tax,  except  that 14 
sums  received  from  Internet  wagering  on  sports  events,  less  only 15 
the  total  of  all  sums  actually  paid  out  as  winnings  to  patrons,  shall 16 
be  subject  to  a  13  percent  tax,  which  shall  be  paid  to  the  Casino 17 
Revenue Fund, and to an additional tax of 1.25 percent which shall 18 
be  remitted  by  the  State  Treasurer  to  the  Casino  Reinvestment 19 
Development Authority for marketing and promotion of the City of 20 
Atlantic  City,  provided,  however,  that  the  cash  equivalent  value  of 21 
any  merchandise  or  thing  of  value  included  in  a  jackpot  or  payout 22 
shall not be included in the total of all sums paid out as winnings to 23 
patrons for purposes of determining revenue under this paragraph. 24 
 The  net  revenues  actually  received  by  the  horse  racing  permit 25 
holder  from  any  sports  wagering  operation  at  the  Meadowlands 26 
Racetrack,  including  Internet  wagering  on  sports  events,  either 27 
jointly  established  with  a  casino  or  established  independently  or 28 
with non-casino partners, less the total of all sums actually paid out 29 
for any operating expenses and as winnings to patrons, shall be paid 30 
by  the  Meadowlands  Racetrack  to  the  Standardbred  Breeders  and 31 
Owners'    Association    of    New    Jersey    and    the    New    Jersey 32 
Thoroughbred  Horsemen's  Association  pursuant  to  the  terms  of  a 33 
written  agreement  between  the  Meadowlands  Racetrack  and  each 34 
association.   A written agreement shall be in  effect  for  as  long as  a 35 
sports   wagering   operation   is   conducted   at   the   Meadowlands 36 
Racetrack. 37 
 The  net  revenues  actually  received  by  the  horse  racing  permit 38 
holder  from  any  sports  wagering  operation  at  the  Monmouth  Park 39 
Racetrack,  including  Internet  wagering  on  sports  events,  either 40 
jointly  established  with  a  casino  or  established  independently  or 41 
with non-casino partners, less the total of all sums actually paid out 42 
for any operating expenses and as winnings to patrons, shall be paid 43 
by  Monmouth  Park  Racetrack  to  the  New  Jersey  Thoroughbred 44 
Horsemen's   Association   pursuant   to   the   terms   of   a   written 45 
agreement between Monmouth Park Racetrack and that association.  46 

 
A5359 MOEN 
3 
 
 
A  written  agreement  shall  be  in  effect  for  as  long  as  a  sports 1 
wagering operation is conducted at Monmouth Park Racetrack. 2 
 The  net  revenues  actually  received  by  the  horse  racing  permit 3 
holder   from   any   sports   wagering   operation   at   the   Freehold 4 
Raceway,   including   Internet   wagering   on   sports   events,   either 5 
jointly  established  with  a  casino  or  established  independently  or 6 
with non-casino partners, less the total of all sums actually paid out 7 
for any operating expenses and as winnings to patrons, shall be paid 8 
by  Freehold  Raceway  to  the  Standardbred  Breeders  and  Owners' 9 
Association  of  New  Jersey  pursuant  to  the  terms  of  a  written 10 
agreement  between  Freehold  Raceway  and  that  association.    A 11 
written agreement shall be in effect for as long as a sports wagering 12 
operation is conducted at Freehold Raceway. 13 
 The  sums  actually  received  by  the  horse  racing  permit  holder 14 
from any sports wagering operation, either jointly established with a 15 
casino  or  established  independently  or  with  non-casino  partners, 16 
less  only  the  total  of  all  sums  actually  paid  out  as  winnings  to 17 
patro