Amends the definition of sports wager to include other things of value; changes the licensing requirement for mobile sports wagering operators.
New York A06013 amends the definition of "sports wager" to include things of value, not just cash or cash equivalents. It changes the licensing requirements for mobile sports wagering operators, requiring them to submit detailed applications. The bill mandates that the state have at least fourteen mobile sports wagering operators by January 31, 2026, and sixteen by January 31, 2027. Tax rates for mobile sports wagering will be determined based on the number of operators.
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