Mobile Sports Betting Becoming Legal In New York Anytime

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Revision as of 23:17, 13 December 2024 by TraciStubbs7 (talk | contribs) (Created page with "The revamped bill being pushed by Pretlow and Online Betting Sen. Joseph Addabbo (D-Queens) would enable tribal and business casinos to provide [https://www.jackpotbetonline.com/ sports betting] statewide should they pony up to get a license fee of $12 million. Additionally, it requires casinos to pay a state tax of 8.5% of gross [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=sports%20wagering sports wagering] earnings and a 12% tax on cellular sports wagers....")
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The revamped bill being pushed by Pretlow and Online Betting Sen. Joseph Addabbo (D-Queens) would enable tribal and business casinos to provide sports betting statewide should they pony up to get a license fee of $12 million. Additionally, it requires casinos to pay a state tax of 8.5% of gross sports wagering earnings and a 12% tax on cellular sports wagers. With the end on the legislative session rapidly approaching and a plethora of different problems being prioritized over online wagering, a recently tweaked invoice allowing four private casinos and people run by Native American tribes to get in on the action is stuck in the starting gate.

Current state law only allows in-person sports betting at the upstate casinos, but regulations governing the websites are still pending. "We're attempting to do our very best to get this moving," Pretlow said, adding that he'd love to see Gov.

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