New York State Court Of Appeals Hears Rearguments For Legalization Of Daily Fantasy Sports
It is possible that, by March 2022, DFS could be deemed illegal in New York online sports betting remains legal.
It is possible that, by March 2022, DFS could be deemed illegal in New York online sports betting remains legal.
With the April 1 deadline looming for the New York State Budget, questions remain surrounding downstate casinos, sports betting expansion and online casino.
From March 7-13, NY online sportsbooks saw $406.4 million in total bets, which could be a sign of how popular NY March Madness will be.
The $1 billion licensing fee and 45% tax rate on slots have, rankled individuals who want downstate NY casinos.
One plan, with the backing of local lawmakers, would have Resorts World NYC and MGM Empire City turn from video lottery terminals to full-fledged casinos.
Sen. Joe Addabbo confirmed to PlayNY that sportsbooks would still pay a 51% tax rate even if New York online sports betting increases to 16 operators.