Marijuana and sports betting driving US state revenues
For a very long time, US states have relied on "sin taxes" to increase their revenue. Some governments' revenue compositions have changed as a result of the recent expansion...
New York takes further steps to gambling evolution
New York’s Senate and State House Assembly have voted on two bills for the finalization of mobile sports betting in the state. These two bills will be creating some new casino licences for the downstate zone which also includes on in NYC.
During this entire undertaking, a notion was put forth for the establishment of mobile sports betting in the area, along with a possibility for two brands to be allowed per every casino. And if this notion is executed, there will be 20 new licences to be handed out to seven casinos, as well as three new venues.
The budget proposal set forth by the Senate gives many operators the chance to motivate more competition and options in the state, which is quite opposite to what the Governor had in mind for a lottery-based model.
Bill A 3009, which was decided upon by the New York State House Assembly, is not much different from Assemblyman Gary Pretlow’s bill. One of the most remarkable proposals in the Assembly Bill includes two mobile skins for the states’ commercial and tribal casinos and operators, which costs $12 million for each licence. July 1st is the date that has been set for the three downstate casino applications, and they will have to pay $500 million each for licencing fees.
Furthermore, there will be a 12% tax imposed on mobile, as well as 8.5% on regular wagers. Off-track betting services will also be given the ability to team up with a casino in order to provide on-site self-service kiosks.
Australia Weighs Total Gambling Ad Ban
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Push for Gambling Ad Ban Grows ...
