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 rate, allow … Read more
New York is expected to announce several online sports betting operators this week, with the launch expected before Super Bowl 56. Once launched, the online operators will face the highest tax rate on online sports betting profits in the United States at 51%. ALBANY, N.Y. … Read more
Jay-Z and Fanatics (a sports clothing company) have come together to apply for a mobile sports betting license in New York. The sportsbook would be called Fanatics Sportsbook and would use Kambi as their software provider. The New York Gaming Commission (NYGC) has received six … Read more
