The state, though, has said that platform providers who have revenue-sharing agreements with tribal nations would receive additional points toward their bid.<\/p>\n
Once the Gaming Commission receives all timely submissions, it said that it will determine how many licenses to award. It indicated that may be more than two if that helps \u201cmaximize revenue\u201d for New York.<\/p>\n
The revenue will be generated through a tax on the platform providers. According to the state, the tax rate will be set according to the highest rate offered by an applicant based on the number of providers the state awards.<\/p>\n
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However, don\u2019t expect state officials to go back and award more licenses after the RFA. Per its interpretation of the law, the Commission told potential bidders that it can’t approve additional providers or operators in the future.<\/p>\n<\/div>\n
In addition, the Commission said the operators picked by the providers for their application must remain on it throughout the selection process. Also, the state will not let operators deduct any free play or promotions from their gross gaming revenue.<\/p>\n
The Commission also expects to release an initial draft of mobile sports betting regulations by the time the solicitation comes out.<\/p>\n
\u201cTraditionally, for major rulemaking, the Commission has sought industry comment, pre-publication,\u201d it said.<\/p>\n
Those draft regulations will include whether state officials will require operators to use official league data to grade any wagers.<\/p>\n","protected":false},"excerpt":{"rendered":"
When New York picks its mobile sports betting platform providers, it\u2019ll be the state\u2019s Gaming Commission making those key decisions. On Friday, the Commission released a 10-page document providing some answers to questions on the application process. State officials answered 92 questions from interested parties. Earlier this month, New York state lawmakers approved a mobile […]<\/p>\n","protected":false},"author":45,"featured_media":171831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61,1074],"tags":[],"acf":[],"yoast_head":"\n
New York Gaming Commission Offers Answers on Mobile Sports Betting<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n