New Yorkers aren’t typically known as pushovers, but it seems like they may have dropped the ball this time. As reported by Reuters, gaming officials are considering caving to demands of sports leagues as they prepare to draft legislation for the state’s sports betting laws. Many sports leagues have repeatedly claimed that they are entitled to a percentage of all sports bets, a fee they have called an “integrity fee.”
Peter Moschetti, a gaming commissioner for New York, said recently at a panel discussion being held during a gaming industry conference in Saratoga Springs, NY that “all” aspects of a NY Senate bill submitted earlier this year are being considered. This would apparently include the sports leagues’ integrity fee.
The fee has already been shot down by a number of states that have recently implemented sports gambling legislation. If NY moves forward and agrees to the demand, it will become the first state in the US to pay the fee.
The chairman of the NY Senate’s gaming committee, John Bonacic, introduced a sports gambling bill this past March. He is hoping that it will become the framework sued by state regulators in the state and, possibly, elsewhere. The bill would provide for a 8.5% state tax on sports betting revenue and an additional 0.20% fee paid by the casino operators to the major sports leagues.