New York City casino decisions not expected until 2025<\/a><\/p>\n\n\n\nThe senator pointed out that New Jersey’s rate is lower than that of nearby states. New York imposes a rate of 51 per cent and Pennsylvania’s operators pay 36 per cent, although New York’s allowance for promotional deductions reduces the effective tax rate to 24 per cent. Since launch in January 2022, New York has generated $1.73bn in online sports betting tax revenue from a handle of $39.2bn, while New Jersey has collected $286.7m from $26.1bn.<\/p>\n","protected":false},"excerpt":{"rendered":"
Proposed legislation suggests hiking the tax rate to 30 per cent.<\/p>\n","protected":false},"author":835,"featured_media":108183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[29,6,9],"tags":[45],"_links":{"self":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/777035718"}],"collection":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/users\/835"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/comments?post=777035718"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/777035718\/revisions"}],"predecessor-version":[{"id":777035739,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/777035718\/revisions\/777035739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/media\/108183"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/media?parent=777035718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/categories?post=777035718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/tags?post=777035718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}