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NY Senator Pitches 8.5% Tax On Casinos' Sports Revenue

Law360 (March 8, 2018, 7:04 PM EST) -- New York state Sen. John Bonacic introduced a bill Wednesday that would regulate sports betting and mobile sports wagering in the state, calling for regulation of pro and college sports and proposing an 8.5 percent tax on casinos' sports wagering gross revenue.

The bill, 2018 NY S.B. 07900, anticipates the legalization of sports betting nationwide, and it would prohibit betting on high school sports or events.

Bonacic, R-Mount Hope, is chairman of the Senate Committee on Racing, Gaming and Wagering. In a statement Thursday, he said the bill...
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