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
A mobile sports betting market in New York is getting closer to being included with the 2021 FY budget package. Governor Andrew Cuomo expects an estimated $500 million in yearly revenue from mobile sports betting in New York. The Oneida Nation believes any legislation for … Read more
Mobile sports betting looks to be inevitable at this point for being a part of the 2021 NY State budget proposal. Governor Andrew Cuomo believes the expansion into mobile sportsbooks would bring in an estimated $500 million in yearly revenue for New York. New York … Read more
The New York FY2022 budget proposal has surpassed its April 1 deadline where a regulated mobile sports betting market was to be included. Three proposals are open to expanding the sports betting industry of New York with mobile platforms. The next few days should see … Read more
New York’s budget bill proposal passed by majority vote on Monday night in both chambers with online sports betting listed as a revenue source. There are three bills currently open for the legalization of mobile sports betting in the New York State Assembly. Governor Andrew … Read more
Three bill proposals to legalize mobile sportsbooks in New York in 2021 are up for discussions in the New York State Assembly. Governor Andrew Cuomo believes a bill that he is drafting would see $500 million in annual revenue from legal mobile sports bets in … Read more
New York’s four sports betting facilities posted a state record for revenue in January 2021 with a recorded $3.570 million in GGR. Rivers Casino and Resort brought in the most revenue with $1.429 million. The new wave of interest in NY sports betting is fueling … Read more
