New York online sports betting operators will likely still be paying a 51% tax rate in 2023.
Despite their constant complaining, Assemb. Gary Pretlow told LSR he’s “pretty sure” the controversial online NY online sports betting tax rate will stay the same next year.
Last session, Pretlow introduced legislation that would have reduced the tax rate via an increase in the number of operators. But that bid proved unsuccessful.
“I tried to make it go away because I thought (the tax rate) was exorbitant,” Pretlow told LSR. “But the operators are doing it, so I’m not going to take from education for them to make more money.”