News Archives - Page 15 of 28 - PlayNY

New York Casino License Fee, Tax Rate Deemed ‘Ridiculous,’ ‘Really Steep’

The $1 billion licensing fee and 45% tax rate on slots have, rankled individuals who want downstate NY casinos.

Posted on: March 16, 2022 | | Mike Mazzeo

Downstate NY Casino Licensing Senate Budget

One-House Senate Budget: NY Downstate Casino Licenses To Cost At Least $1 Billion

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.

Posted on: March 14, 2022 | | Mike Mazzeo

51% NY Sports Betting Tax Rate Not Changing

Will 51% Tax Rate For NY Online Sportsbooks Change? Maybe Not

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.

Posted on: March 14, 2022 | | Mike Mazzeo

NY Sports Betting Apps Expansion Assembly One-House Budget

NY Assembly One-House Budget Includes Online Operator Expansion, Minority Inclusion

As per the Assembly one-house budget, the New York State Gaming Commission would award up to 16 licenses to online sportsbooks in New York.

Posted on: March 13, 2022 | | Mike Mazzeo

Resorts World Wants NYC Casino License: Our Vision For The Last 10 Years

In a recent interview with PlayNY, Resorts World CMO Darlene Monzo expressed a desire to secure a downstate license.

Posted on: March 11, 2022 | | Mike Mazzeo

Caesars Partners With NYRA To Launch Horse Betting App

Caesars Sportsbook and NYRA Bets announced the formation of the new online horse betting app Caesars Racebook.

Posted on: March 10, 2022 | | Mike Mazzeo

Budget Negotiations Begin Regarding Legalization Of New York Online Casinos, Poker

The annual New York budget plan is due April 1. Whether it will include iGaming remains to be seen. And even if it isn’t this year, there’s always 2023.

Posted on: March 4, 2022 | | Mike Mazzeo

New York College Basketball Betting Regulations Create Unnecessary Commute

You have access to New York online sports betting. But to wager on Syracuse, Iona or St. John's college basketball, there is no "comfort of your own home."

Posted on: March 10, 2022 | | Mike Mazzeo

NYS Gaming Commission Reiterates Problem Gambling Awareness

Executive director Rob Williams detailed the NYS Gaming Commission’s commitment to problem gambling awareness in a video on Wednesday.

Posted on: March 9, 2022 | | Mike Mazzeo

Sen. Joe Addabbo NY online sports betting launch

Addabbo On New York Online Sports Betting Launch: ‘It’s Our Turn, Watch Us Shine’

The road to Jan. 8 launch was long and arduous, complicated and contentious. But NY has finally crossed the goal-line.

Posted on: January 7, 2022 | | Mike Mazzeo