For over a year, from the rulemaking process for online sports betting in New York to the Empire State becoming the top industry in the country, sportsbooks have clamored about the sky-high tax rate on the industry.
While legal efforts have attempted to lower the 51% rate, each attempt fell short of passage. Now, lawmakers who once spearheaded those legislative pushes are now changing their stances:
The NY sports betting tax rate is here to stay.
“That’s not going to change,” Assemb. Gary Pretlow told PlayUSA. “It’s not going to change ever, as far as I know. I can’t see it changing. It’s going to stay at 51%.”