Why doesn't online sports wagering violating the state constitution's strict restrictions on gambling?

Because it's the "sense of the legislature" that wagers cast electronically through equipment (a server) at a casino make it fine, according to new budget bill text.
It appears that mobile sports wagering platforms will be taxed at least 12%, but actually rates will be based on a competitive bidding process conducted by the Gaming Commission. In-person sports bets are taxed at 10% of "sports wagering gross gaming revenue."
The online sports wagering language in the budget includes a provision ensuring $5 million annually for youth sports.

This was a priority of Assemblywoman @mwallace143.

The online sports wagering language in the budget includes a provision committing $6 million annually for gambling education and treatment purposes.

It's not clear whether this means an additional $6 million will be spent on services, or whether this will fund existing programs
In order to get a mobile sports wagering license, a platform provider needs to pay a $25 million fee to the state. The money will be deposited in the state lottery fund "for education aid."
A mobile sports waging platform provider will be selected after a competitive bidding process, with the state issuing a request for applications by July 1 and applications will be due 30 days after the RFA is issued.
Gambling operators bidding to run mobile sports wagering in New York will get extra consideration by the state if they enter into a revenue sharing deal Native American tribes.
When the state selects a mobile sports wagering provider, their considerations will include revenue projections, past experience in the field, timeframe for becoming operational.
The state will award a mobile sports wagering license to the 2 best judged potential "platform providers." And - try to understand this - there will be no less than "four mobile sports wagering operators."

Operators run a pool through a "mobile sports wagering platform."
The Cuomo administration MAY license additional platform providers (more than two) if it's "in the best interests of the state." They would pay the same tax rates as the initially selected providers.
A casino that hosts a server at their facility - so the plan is kosher under the state constitution - will be paid "reasonable and actual costs" set by the Cuomo administration PLUS another $5 million a year if they don't spill a soda on it (my editorializing).

The Cuomo administration will issue an RFI to determine interest in utilizing 1 of the 3 unutilized #casino licenses.

The state will issue a report on what it learns within 6 months of getting its information.
@threadreaderapp unroll please
Found this bad boy after additional reading. In my defense, it was moved from its original budget spot.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with David Lombardo

David Lombardo Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @poozer87

6 Apr
Just got notification of an amended copy of the Education, Labor, Housing and Family Assistance (ELFA) Budget Bill.
The just released C-print of the ELFA budget bill includes a #Broadband program for low-income New Yorkers.
The ELFA Budget bill includes the "COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM OF 2021." Payments can cover rental and utility arrears going back to March 2020 and up to 3 months of prospective rent. Only "rent burdened" households can get prospective rent relief. #RentRelief
Read 7 tweets
19 Jan
For all you driverless cars fanatics, the governor's #nybudget proposal extends the existing pilot
program for testing of autonomous vehicles for another two years. Also calls for ending the state's "one-hand on the wheel" requirement with regards to autonomous
Governor's #nybudget would make ALL vacation rentals subject to state and local sales taxes. Taxes would be collected by renting service (#airbnb, VRBO, etc.).

These types of local taxes are collected in a piecemeal fashion based on various county agreements.
Gov. Cuomo proposes giving counties the ability to retain their 4% local sales tax rate without repeatedly getting authorization from the state to go above 3%. This would eliminate a lot of legislative busy work in Albany.
cc @NYMayors @NYSCounties
Read 20 tweets
13 Jun 19
Democratic no votes on #vaccine bill so far include Gottfried, Helene Weinstein, Fred Thiele, Angelo Santabarbara, Nader Sayegh, simcha Eichenstein, Steve Cymbrowitz, William Colton, Kevin Cahill, Harry Bronson, Rodneyse Bichotte, Charles Barron and Tom Abinanti.
Applause from the gallery when Assemblyman Joe Lentol announces his opposition to ending religious exemption for school vaccine requirements.
Assemblyman David Weprin is another Democratic no vote on legislation ending religious exemption. Screams of “thank you” can be heard outside the chamber from advocates.
Read 13 tweets
29 Mar 19
The Public Protection and General Government #nybudget bill was amended. Does this mean the finish line is in sight?
Now let's scroll through the updated #nybudget text...
As expected, the PPGG #nybudget bill includes language "Protecting the Personal Privacy of Union Members." This is in response to the #Janus decision.
Read 120 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!