Sports betting

New York discloses controversial double-digit sports betting tax rates

The Empire State’s regulator sets out accelerated deadline of October 25 for prospective licensees to conform

The New York Gaming Commission (NYGC) has confirmed final tax rates for sports betting operators. Prospective licensees were issued with a letter by the NYGC yesterday, in which the regulator outlined its taxation rates in a matrix form. The new rates are based on the number of platform providers licensed by the Empire State, cross…

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