The group submitted a tax rate of 64%, which the other groups had to match to be considered as finalists.Īs it was in the best interest of the state, the gaming commission also accepted the FanDuel, DraftKings, BetMGM and Bally Bet group, effectively lowering the overall tax rate to 51%, according to the final tax rate matrix set by the commission.īet365 was the only qualified finalist that was not selected by the Gaming Commission.
The commission noted the Kambi, Caesars, Wynn Interactive and PointsBet bid was the highest rated applicant. Additional licenses can be awarded in the coming years if determined to be in the best interest of the state. The final tax rate will be 51% and licenses will be for 10 years.
New York Online Sports Betting Licenses Run 10 Years Additionally, the New York Gaming Commission approved the following eight platform providers, which will host the backend and provide gaming technology for the operators:
