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N.J. Lawmakers Considering Bill To Regulate, Tax Daily Fantasy

New Jersey lawmakers are "considering regulating and taxing daily fantasy sports." A state Assembly committee yesterday advanced the bill, with lawmakers saying that the measure was "intended to protect the sites' users." Under the law, the state's Department of Law & Public Safety "would be able to issue permits to operators such as DraftKings and casinos." The state Senate in the spring advanced a bill to impose a 9.5% tax on gross revenues; the Assembly committee approved an "amended version of the Senate bill" boosting that rate to 10.5% (PHILLY.com, 1/30).

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