by Giovanni Shorter | Apr 13, 2022 10:52 am | Legal
Lawmakers in New York are continuing efforts to rework the 51% tax rate for sportsbooks. The bill would also increase the number of sports betting operators in New York. New York has benefited greatly from the 51% tax rate, taking in $163.6 million in taxes since...
by Jerad Paparella | Mar 8, 2022 1:38 pm | Legal
Assemblyman Gary Pretlow introduced an amendment that would cut sportsbooks’ effective tax rate from 51% to 25% by 2024; Sen. Joe Addabbo presented its sister amendment in the Senate. The amendment would increase the number of online sportsbook skins to cut the tax...
by Giovanni Shorter | Jul 6, 2021 11:24 am | Regulatory
The New York State Gaming Commission missed the deadline to vote for mobile sports betting. Unless there is a special session, New York legislators will not be able to vote on expanding sports betting until 2022 at the earliest. Lawmakers couldn’t agree on making...
by Christina Monroe | Jan 21, 2021 11:17 am | Regulatory
The New York State Legislature has approved two mobile sports betting bills that have moved them out of their first Senate Committee successfully. New York expects to see millions of dollars in revenue should these bills or others like it pass in 2021 that would allow...
by Christina Monroe | Jan 9, 2021 8:30 am | Regulatory
Bills have been filed in the New York State Legislature to make mobile sportsbooks legal. Governor Andrew Cuomo would like to see a legal mobile sports betting market in New York run similar to the New York Lottery. The bills waiting to be heard would have mobile and...
