“I would say esports are the ‘next big thing’ when it comes to sporting events, but the fact of the matter is that video game tournaments are already a prominent form of skill-based competition,” said Assemblyman Ralph Caputo, D-28th District. According to esports analyst website Newzoo, in 2019, the global market drew in nearly 454 million viewers and generated $1.1 billion in revenue from avenues including media rights, advertising and sponsorships.

The proposal took an unusual route through the state Legislature, bypassing any committee hearings on the Senate side and drawing the ire of lawmakers at a March 5 voting session, who unsuccessfully attempted to stall the controversial measure.

Under the latest version of the legislation, the state would outlaw the products in 18 months. But Assembly leaders and Gov. Phil Murphy’s office have suggested that the rollout be staggered.

At March 5's 2021 fiscal year budget address, the governor used the phrase “property tax” 38 times, attesting that “no other administration has done so much in its first two years to control property taxes, or to deliver more property tax relief.”

“It’s still emerging,” NJEDA chief executive Tim Sullivan told reporters prior to an opportunity zone conference at the New Jersey Housing and Mortgage Finance Agency’s Trenton office. “[O]ne of the reasons we’re having this conversation is to try and dispel some of the myths and make sure that the marketplace understands how these transactions could work.”

Sheila Oliver is serving as New Jersey’s acting governor while Phil Murphy recovers from surgery, the first time in years that the state’s chief executive has had to relinquish the duties of office. Murphy revealed in February that he was diagnosed with a 3-centimeter, likely cancerous tumor on his left kidney and would undergo a partial nephrectomy, an operation during which  ...

Known as the “440 connection,” the new plans call for a 3,200-foot-extension from the current terminus at West Side Avenue to a new terminal alongside the heavily traveled Route 440, on the Hackensack River waterfront.

The governor declined to outright reject a proposed uptick for the state's highest-earning companies after legislative leadership put the idea forward as a means to fund the cash-strapped agency.

The governor on Wednesday dismissed rejections by several top lawmakers to a proposed cigarette tax increase in his budget that would make it the highest rate of any state in the nation. Gov. Phil Murphy unveiled his budget for the 2021 fiscal year – a $40.9 billion spending plan – on Tuesday. It calls for a cigarette tax increase of ...

The EITC expansion, first reported by NJBIZ, is meant to ramp up an incentive program that proponents argue has lifted thousands of New Jersey’s lowest-paid workers out of poverty.

“At the end of the day I reserve the right to either pull it back entirely or pull it back in part,” the governor said at an unrelated event Wednesday morning at William Paterson University.

“We’ve got great institutions of higher education, we got a great public school system, we’re the most diverse state in America … but we’ve got to make sure that works for everybody,” Gov. Phil Murphy said Feb. 26 at William Paterson University.