Tag Archives: sports
NY Sports Gambling Tax Likely Staying Put At 51%
New York State Assemblyman Gary Pretlow, the chairman of the Racing and Wagering Committee, has indicated that the proposed 51% tax rate on sports betting revenues in the state is likely to remain unchanged. The high tax rate has drawn … Continue reading
New York Sports Betting Hits $1.5B In November, The Third Highest Total Ever
The New York State Gaming Commission (NYSGC) reported last week that the total sports betting handle in November exceeded $1.5 billion. That number is the highest since March when total money wagered hit $1.64 billion and the 3rd highest month … Continue reading
Massachusetts Passes Bill to Legalize Sports Betting in the State
Another state joins the sports betting craze, this time it’s Massachusetts. Lawmakers in the state passed a bill that will now allow online legal sports betting. The bill will now go to the desk of Republican Gov. Charlie Baker, who … Continue reading
Sports Wagering Revenue Tops $300m in New York, Where is the money going?
Sports wagering across America has become increasingly popular for a lot of Americans recently. Over the last few years, we have seen more and more states legalize online sports wagering, with more states in line to do the same. It … Continue reading