Just two months after the record breaking launch of mobile sports betting, the expansion of New York online gambling into casino games is being proposed in new legislation. Well, that didn’t take long did it?! The political force behind the bill which regulated mobile sports bets, State Senator Joseph Addabbo, is now pushing a new bill seeking to do the same for online casinos.However, unlike the somewhat absurd tax rate of 51% imposed on mobile sports books, web based casinos would only be taxed at 25%. Addabbo’s Senate Bill 8412 specifically seeks to “authorize online interactive gaming” and collect a…

This week’s gambling news finds amazing records for mobile sports betting in New York, even with an insane tax rate. Not to be outdone, Hawaii is now considering sports betting with an even higher tax rate! And in case you missed it, more sports betting has launched in Louisiana! Welcome my friends to another edition of This Week in Gambling, where we have sports betting news from Louisiana and Hawaii, of all places! But we begin with a record-breaking update for mobile sports betting in New York! This week’s big story started a little over three weeks ago when mobile…

Gaming experts from PlayNY.com say that New York mobile sports bets will do well, but may not quite live up to the to $500 million in annual tax revenue expectations some have predicted by 2024. Former Gov. Andrew Cuomo’s administration budgeted for proceeds from online gambling to reach $99 million in FY 2022, $357 million in FY 2023, and $500 million by FY 2024, which would easily be the most ever for one state. With the regulations for online sports betting now clearer, the New York mobile sports bets market will be highly lucrative for the state but fall short of…

As the NFL playoffs come upon us, expectations for the launch of New York mobile sports betting grow. We were promised that the state would have the activity up and running in time for the Super Bowl, and it looks like Saturday January 8th will be the day! Earlier this week, prominent New York Senator Joe Addabbo said that mobile sports bets in his state are “imminent”, and may even be available for some playoff games. So, the era of betting on sports in the Empire State, with all the lofty expectations that brings, looks to be a “go” for…

The State Gaming Commission has finally approved the rules for New York mobile betting. And according to one State Senator, bets could be taken as soon as the middle of next month. However, before any bets can be placed, there is an important process to be worked out. That is, the location of the servers which will accept the bets, which must be placed within one of the licensed land-based casinos. State Senator Joseph Addabbo had high praise for the Commission, as the hope had been to accept bets in time for the Super Bowl in February. From all indications,…

We all know that there will be a ridiculously high tax on New York mobile betting. And now, the CEO of DraftKings, Jason Robins, has made an interesting statement. While speaking at the Canaccord Genuity 2021 Digital Gaming Summit, Robins said he believes the 51% tax rate will not be a problem for the company. And we think we know why, as he plainly said that players who bet for profit are “not the kind of players” DraftKings wants. Now, let’s think about that statement for a moment. What Robins seems to be saying is that the exorbitant tax rate…