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Bill To Add Online Casino To NY Sports Betting Drops

The effort to add iGaming to NY sports betting officially started Wednesday in Albany.

Although FanDuel and DraftKings have not gained any traction in their efforts to reduce the 51% tax rate on online NY sports betting, the Empire State’s biggest operators could benefit from being able to supplement their New York sports betting offerings with a potentially more lucrative online casino business. 

Sen. Joe Addabbo’s iGaming bill, S4856, features a 30.5% tax rate. 

NY sports betting providers would add casino

Addabbo said during a joint hearing that NY loses “roughly $4 billion” every year it doesn’t legalize iGaming.

All nine NY online sports betting operators would be granted a license to conduct online casino gaming. 


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