The legalization of sports betting is something that many jurisdictions and individuals outside of the state of Nevada have been keeping an eye on, and New York is one of the biggest possible markets. There have been different ideas and bills floated, but one seems to be getting a lot of traction and attention. This particular bill is unique in that it strikes a deal with the leagues in the form of an “integrity fee” – a kickback to the leagues to the tune of 0.25% of all wagers.
Key Takeaways:
- All eyes have been on New York when it comes to sports betting – if this market opens up it will be huge for gamblers.
- While no official bills are in the NY legislature, reporters have obtained a draft copy of one that might be on the way.
- Most interestingly, this bill contains an “Integrity Fee” which would provide a percentage of all bets to the sports leagues.
“The NY bill shares many elements with a Missouri sports betting bill was the first instance of seeing that model put into action.”
Read more: https://www.legalsportsreport.com/18574/new-ny-sports-betting-2018-bill/
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