NY Presents Bill To Lower 51% Sports Betting Tax Rate

NY Presents Bill To Lower 51% Sports Betting Tax Rate

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...
New York Announces Nine Mobile Sportsbook Licensees

New York Announces Nine Mobile Sportsbook Licensees

The New York State Gaming Commission recommended nine mobile operators to be granted mobile sports betting licenses on Monday. Each sportsbook, once launched, will be subject to the nation’s highest tax rate on sports betting at 51%, with the licenses effective for a...