A proposal to expand the NY sports betting market while potentially cutting the tax rate in half could be discussed this session.
Assemblywoman Carrie Woerner, who chairs the Assembly Racing and Wagering Committee, introduced A6013, which would allow more NY sports betting licenses. The bill would also reduce the tax rate on sports betting revenue with each new license, down from its current 51%.
Sen. Joe Addabbo introduced similar legislation in 2023.
Any legislation that reduces the tax rate will likely be an uphill battle. Legislative Analyst Troy Mackey told the National Council of Legislators from Gaming States over the summer that there is “no justification” to take money from schools and give it to corporations.
