{"id":4729,"date":"2021-04-27T00:00:00","date_gmt":"2021-04-27T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/new-york-sport-betting-companies-must-pay-a-fee-of-25m\/"},"modified":"2021-04-27T00:00:00","modified_gmt":"2021-04-27T00:00:00","slug":"new-york-sport-betting-companies-must-pay-a-fee-of-25m","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/new-york-sport-betting-companies-must-pay-a-fee-of-25m\/","title":{"rendered":"New York sport betting companies must pay a fee of $25m"},"content":{"rendered":"<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">New York will finally get online sports betting after Governor Andrew Cuomo signed off on the state&rsquo;s annual budget.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">The New York Gambling Commission (NYGC) will allow two operators to debut online and is expected to choose its final candidates by the end of the year. The chosen providers will have to pay an initial fee of $25m and a sum of $5m annually to a casino partner, which will need to host the sports betting operator&rsquo;s servers.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">New York plans to base its market on competitive bidding, and some details have yet to be defined because they will depend on the bids made by competing operators.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">The tax rate, for example, will be decided in the bidding process, although Cuomo believes it could go as high as 55 per cent. The state has established a minimum of 13 per cent.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:20.0pt\"><span style=\"font-family:Arial\">As in many other states in the country, no wagers will be allowed on games involving a state college or university.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">According to Senator Joseph Addabbo, New York won&rsquo;t see its first online sportsbook open until the time of the Super Bowl next year. He said the state&rsquo;s &ldquo;benchmark start date&rdquo; was February 13, 2022, the date of Super Bowl LVI<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230; | Respect to Photographers &amp; Influencers<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As in many other states in the country, no wagers will be allowed on games involving a state college or university.<\/p>\n","protected":false},"author":1,"featured_media":4730,"menu_order":458,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[1894,258,1893,1895],"class_list":{"0":"post-4729","1":"america","2":"type-america","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-legal-bets-nyc","8":"tag-news-about","9":"tag-nyc-bets","10":"tag-sports-bets-nyc","11":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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