- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
New York Mobile Sports Betting Operators May Work With a 64% Tax Rate
Mobile sports betting operators’ deadline to amend their proposed tax contribution expires today at 5 PM as told by the New York State Gaming Commission (NYSGC). The Commission also confirmed that a GGR rate of up to 64% could apply to applicants.
The Highest Tax Rate Has Been Selected, According to the Commission
The NYSGC’s deadline for the applications was August 9, and, as the Commission states, the bids by score are already ranked and the highest tax rate among the bidders has been selected. If the Commission has four or five licenses, then the applied tax rate would be 64%. With it, the contributions would drop to 50% gradually if there are 10-12 operators. If the number of operators is upwards of 13, then the contributions will decline gradually to 35%.
So far, a total of 14 operators are featured in the bidding process and any operator that declines to adhere to the new tax matrix will be dropped. Originally, these details were uncovered in the NY 2022 state budget, which featured mobile sports betting.
With the process of application for a license, the Commission also incentivized bidders to come up with a tax rate no lower than 50%, and the proposed bands were among the highest in the US for sports betting.
Applicants’ Final Selection Will Be Before December 6
While communicating with the applicants via email, the Commission said that this update was a step of the process of evaluation and selection. It also added that the proposed tax rates by operators wouldn’t need any amendments. As for the final selection of applicants, it will be completed before December 6.
In the email, the NYSGC reminded applicants of the so-called non-collusive bidding requirements to make sure that their bids are not visible by the competition.
When the request for mobile sports betting applications was launched in July, all of the bidders were asked to offer a state tax that cannot be lower than 50%, and the proposed rate is one of the main factors that will impact the decision on whether the Commission will hand a license or not. The initial fee of the license was set at $25 million.
As the scoring system suggests, technical factors can attribute to up to 75 points. Some of those technical factors include the sustainability and integrity of the applicant’s platform, as well as market expertise.
If agreements on revenue share are made with Native American tribes/nations, five additional points will be contributed. Moreover, the licensees will be required to house their services at a casino in NY and pay an annual $5-million fee to the operator. According to statements, mobile sports betting in the state is still safe, despite the resignation of Governor Cuomo.
Filip Mishevski has been covering online gambling and cryptocurrencies for the past decade. He has written countless articles, how-to-guides, insights and news, and is keen on sharing his extensive knowledge in the aforementioned fields. He’s very passionate about soccer and MMA and is interested in how the online gambling industry will shape our future and thus, influence our lives.
Must Read
Industry
September 12, 2025
Animo Launches Next-Gen Live Gaming with Animated Hosts on Stake
Industry
September 12, 2025
California Continues to Advance AB 831, SGLA Expresses Frustration
More Articles
Industry
September 18, 2025
Canadians Less Likely than Americans to Bet on Sports, Study Shows
Casino
September 18, 2025
Wynn UAE Casino to Feature Crypto Payments & More
Poker
September 18, 2025
Kalshi Secures Daniel Negreanu as Its New Brand Ambassador
Casino
September 18, 2025
Poker Palace in North Las Vegas to Open Its Doors Again in 2026
Casino
September 18, 2025
Times Square Casino Plan Falls Through Due to Broadway Opposition
Casino
September 18, 2025
Tourist in Las Vegas Shot by a Security Guard Armed Without Authorization
Casino
September 18, 2025
Ex-Gregg Township Official Jailed for $533K Gambling Embezzlement
Sports
September 17, 2025
Missouri Is Bracing for Sports Gambling – And Addiction
Casino
September 17, 2025
Melco Plans Private Hospital at Macau’s Studio City
Casino
September 17, 2025
New Jersey Takes Steps Toward Tougher Responsible Gambling Rules
Casino
September 17, 2025
Las Vegas Starts Big Sales Push to Fight Tourism Slump
Lottery
September 17, 2025
$600K Monopoly Winner in NC Gets “Best Birthday Present Ever”
Casino
September 17, 2025
SGLA and SPGA Merge to Create “Clear and Consistent Voice”