New York

Falling Casino Chips

New York Governor Will Use Casino Tax Revenue to Help Transportation Crisis

Grant MitchellBy: Grant Mitchell
Hochul shared her intent Wednesday during the reveal of a 2024 budget plan. The MTA, which includes the state subway and bus transits, is down roughly 40% on pre-pandemic levels, and could receive an extra $1.3 billion in attention.
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02/03/2023
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Mobile Phone Betting

New York Sports Betting Bill Would Increase Operators, Cut Tax Rates

Grant MitchellBy: Grant Mitchell
Under the framework of [the] bill, New York would have at least 14 online operators up and running by the end of January 2024, and no less than 16 by the same time a year later. There would also be a tax cut for operators.
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01/18/2023
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New York Sportsbooks Reports Another Monthly Revenue Record for November

Grant MitchellBy: Grant Mitchell
New York sportsbooks brought in $148.2 million of revenue, a 1.7% increase on the $145.7 million total earned in October. New Yorkers also wagered roughly $1.56 million, up from October’s $1.54 billion total.
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12/14/2022
News
New York State Approves Limited Casino Sports Betting

Rap Icon and Businessman Jay-Z Joins Investment Group for New York Casino

Grant MitchellBy: Grant Mitchell
Carter and his team announced their alliance during SL Green’s annual investors conference Monday. The group plans to build a boutique-style casino at 1515 Broadway office tower, a property already owned by the real estate company.
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12/06/2022
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