News Archives - Page 2 of 28 - PlayNY

Will Policymakers Allow NY Online Sportsbooks To Deduct Promotional Play With 51% Tax Rate?

With an astronomical 51% tax rate on New York online sportsbooks, how can the industry succeed? One way: Allow operators to deduct promotional credits.

Posted on: December 8, 2021 | | Mike Mazzeo

NY Sports Betting Online Sportsbooks Tax Rate

How Can 51% Tax Rate Be Lowered? Start With Adding Online Sportsbooks In New York

If New York online sports betting added operators, it could lower the tax rate from 51% to 35%. But who could enter the fold?

Posted on: February 25, 2022 | | Mike Mazzeo

Looking Up: Has New York Sports Betting Already Surpassed Entire 2021 Handle Total This Week?

New York casinos combined for over $197 million in handle in 2021. Is it possible that NY online sports betting has already eclipsed that mark?

Posted on: January 14, 2022 | | Mike Mazzeo

PointsBet Sportsbook Launches In New York: Here Are Five Things To Know

With PointsBet now live with New York sports betting, here are a few things to know about the NY betting app.

Posted on: January 21, 2022 | | Mike Mazzeo

Why New York Bettors Can’t Wager On Individual Player Award Futures Like NBA MVP

Is Kevin Durant a good bet for NBA MVP? It doesn't matter in New York. Under sports betting regulations, you can’t place a futures bet on individual awards.

Posted on: January 25, 2022 | | Mike Mazzeo

Never Too Early: NY Online Sportsbooks List Buffalo Bills As Co-Favorites To Win 2023 Super Bowl

With the 2022 NFL season now over, the Buffalo Bills look to the 2023 campaign as Super Bowl betting co-favorites via New York sportsbooks.

Posted on: February 15, 2022 | | Mike Mazzeo

This Sept. 9, 2018 photo shows fans of the New York Giants and Jets watching a football game after placing bets in the sports betting lounge at the Ocean Casino Resort in Atlantic City, N.J. The coronavirus outbreak has added new wrinkles for bettors this year, but even so, the nation's sports books expect a record year of bets on football in 2020 from an antsy public that has been cooped up for months amid the pandemic. (AP Photo/Wayne Parry)

New York Sports Betting Gains Ground In September; Still Annihilated By NJ

The four upstate casinos pulled in a combined $17.4 million in handle for the month, yielding $3.2 million in revenue.

Posted on: October 20, 2021 | | Mike Mazzeo

Heated Debate: What Is The Future Of Horse Racing In New York?

Hopes of upgrading Belmont Park will have to wait until at least 2023 as a bill to renovate the New York horse racing track proved unsuccessful.

Posted on: June 9, 2022 | | Mike Mazzeo

Bill Expand Legal New York Daily Fantasy Sports

Sen. Addabbo Introduces Bill Amendment To Expand Daily Fantasy Sports In New York

Sen. Joe Addabbo has introduced a bill that would allow more operators to offer legal daily fantasy sports in New York.

Posted on: March 24, 2022 | | Mike Mazzeo

DraftKings NY Sports Betting DFS Cannibalization

DraftKings CEO: New York Online Sports Betting Cannabalized Daily Fantasy Sports In Q1

DraftKings CEO Jason Robins said the launch of legal online sports betting in New York cannibalized its existing daily fantasy sports product during Q1.

Posted on: May 6, 2022 | | Mike Mazzeo