Punitive 51% Tax Rate Stunting New York Sports Betting Growth Say Operators
FanDuel and DraftKings predict industry decline if lawmakers don't lower the tax rate on New York sportsbooks to 36%.
Matt Boecker
PlayNY Contributor
Posts by Matt Boecker
Senate Bill Aims To Legalize Online Casinos In New York
Sen. Joe Addabbo's bill includes a 30.5% tax rate on gaming operators that is far more attractive than the 51% sports betting operators pay.
New York Needs It, But Sports Betting Tax Bill Faces Steep Hill To Passage
New York sportsbooks are clamoring to lower the tax rate. A bill to do so is in the Senate. But what are the odds of this NY sports betting bill passing?
Record-Setting Mega Millions Jackpot Makes For Huge NY Lotto Payday Toward Schools
The record-setting Mega Millions jackpot went to a Maine resident, but the New York Lottery generated over $60 million to go toward public schools.
With Temperatures Starting To Cool Down, New York Lottery Players Stay Hot
From scratch-offs to Powerball and Mega Millions drawings, New York Lottery players cashed in big in recent weeks.
Win Your Way To 2023 WSOP Tournament Of Champions At Turning Stone Casino
New York poker players will have plenty of options at Turning Stone, including a chance to earn a spot at the Tournament of Champions in Las Vegas.