Bonacic Bill A Promising Compromise <\/strong><\/h2>\nRather than legalizing sports betting, Vanel is proposing New York spend 18 months studying it before possibly crafting a new bill based on the task force\u2019s recommendations that may or may not legalize it. At that rate, New York\u2019s first sports books would be unlikely to be up and running before 2021.<\/p>\n
Meanwhile, the state has several bills that may get the job done quicker, including one from Senator John Bonacic that has already been passed by committee. This bill includes a compromise on the controversial one percent \u201cintegrity fee\u201d demanded by the leagues on all bets taken, which translates to a 20 to 25 percent tax on gross gaming revenue.<\/span><\/p>\nBonacic\u2019s bill suggests instead a .25 percent integrity fee, capped at 2 percent of gross gaming revenue, which may be palatable to the leagues and stakeholders alike and thus could be workable legislation in New York and a possible template for other states as well.<\/p>\n","protected":false},"excerpt":{"rendered":"
A bill introduced to the New York State Assembly on Tuesday proposes the formation of a special legislative task force to develop regulations for sports betting should the US Supreme Court opt to kill the federal law (PASPA) that prohibits it. New York Assemblyman Clyde Vanel\u2019s A10322 would establish a ten-person team drawn from the […]<\/p>\n","protected":false},"author":42,"featured_media":75190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
New York State Bill Would Establish Sports Betting Task Force<\/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