New York Wants in on Sports Betting

[BMR Genie]

Former New York governor, Andrew Cuomo, was initially a bit icy towards the idea of allowing sports betting in his state but as COVID-19 shuttered businesses and ate away at the state’s coffers, the idea became more attractive. It is not hard to see why because the tax revenue generated would mitigate at least some of the economic toll that had been taken. Why it took a global pandemic for Cuomo to see the value in sports betting is another discussion entirely. | Read Full BMR Article

 

[Oddsmaker]

NY cannot get it right crazy no mobile betting

 

[GamblingmanC's]

The gaming commission will take the bids under advisement and will have until December 6th to determine which books will be chosen. The rate at which the books will be taxed is another major issue with yet to be dealt but anywhere as low as 35 percent to as high as 64 percent has been bandied about.

( Maybe in time for SuperBowl )

The actual tax rate will be predicated on a matrix that is determined by the number of awards given and the licensing fees, reported to be in the neighborhood of $25 million. It’s all speculation at this point but sports betting in the state of New York is going to happen, it just depends on how quickly the legislature moves on it. We will be monitoring the situation closely here at BMR so stay tuned for more.

( $25 Million, is that the highest among States? )

 

[Bettor Days]

NY cannot get it right crazy no mobile betting

Is that what they've decided on?

Waste of time then