These integrity fees have been widely panned by those in the gaming industry, who say that the charge would amount to a large percentage of a sportsbook\u2019s profits, preventing bookmakers from offering competitive odds to gamblers.<\/strong><\/span><\/p>\n<\/div>\nBonacic\u2019s bill includes a more modest version of that integrity fee. Operators would be required to pay of a fee of .25 percent of their handle to the New York State Gaming Commission, though it would also be capped at 2 percent of gross wagering revenue.<\/p>\n
This money would then be used to reimburse sports governing bodies for costs related to maintaining the integrity of their competitions.<\/p>\n
The bill could also face resistance from New York\u2019s horse racing industry, as the measure doesn’t include tracks among the operators who would be permitted to offer sports betting. Instead, bets would be restricted to the four new upstate casinos, including Resorts World Catskills, which opened last month.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York State has joined the list of those waiting to introduce a sports betting bill, should the Supreme Court rule in a way that overturns the Professional and Amateur Sports Protection Act (PASPA). The latest piece of legislation was introduced by State Senator John Bonacic (R-Mount Hope). As the chairman of the Senate Racing […]<\/p>\n","protected":false},"author":42,"featured_media":72373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,13592,1074],"tags":[],"acf":[],"yoast_head":"\n
New York State Legislator Introduces Bill to Regulate 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