One of the more interesting components is an accelerated launch timeline, including immediate licensing. The bill has a multi-level licensing fee ($2 million or $10 million) depending on the branding structure and would tax operators at a 30.5% rate. However, the number will be lower, as there is some overlap between casino operators and licensed sportsbooks, and both racinos are in the running for a downstate casino license. Three additional licenses would be made available through a competitive bidding process.Licensed sports betting operators (nine: FanDuel, DraftKings, Caesars, BetMGM, BetRivers, PointsBet, BallyBet, WynnBet, and Resorts World Bet).Racetracks (two: Empire City and Resorts World).Tribal casinos (three tribes: Seneca, Oneida, Mohawk).Commercial casinos (four upstate and three downstate).Under the bill, SB 4856, licenses would be reserved for: Chris Grove FebruUnder the Hood of SB 4856 NYC casino bids will crowd out everything. iCasino almost never gets done first shot, so every year with a bill represents progress.Ĭhances to pass this year? Slim to none, overweight on none.
