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Is the Tax Rate in New York Finally Catching Up with Operators?

Written by:
Payton
Published on:
Jul/20/2022

Online gambling is developing at lightning speed with hundreds of new operators, online casinos, betting sites, and even a greater number of users. It has developed so much it has become one of the most profitable industries, and as a result, the net worth of iGaming in the sector has exploded. It had a revenue of $57.54 billion in 2021, while it's expected to reach $153.6 billion by 2030.   

Online betting represents a significant portion of the iGaming market, and it's equally popular in the USA. Actually, it had pulled in a revenue of just $1.7 billion in March 2022. But there is a huge threat to the growth of online betting in the USA, with the latest regulation regarding taxes. Here we will take a look at the latest changes in the New York regulations and the newly established tax rate for operators.   

Online Betting in the USA   

Online betting has made it possible for millions of users around the world not only to watch their favorite sports but also to bet on everything from football to cricket, tennis, volleyball, golf, and other sports. The betting platforms are high-quality mobile-optimized platforms that provide different options for different users.   

Another distinguishable attribute of online betting sites are the array of promotions and bonuses that cover free bets, deposit match bonuses, cashback offers, and much more. All in all, online betting is popular across the world because it offers a huge selection of sports and different offers.   

51% Tax on Online Sports Betting  

Before online betting was regulated in New York, New Yorkers mainly bet on legal online betting platforms with a New Jersey gambling license. In other words, as the betting market was not regulated, there were more illegal betting activities, and a lot of users that wanted to bet on legal sites were choosing to do that on New Jersey betting platforms.   

But the latest regulation in online betting has become a viable opportunity for every New Yorker; however, the operator would be charged a tax rate of 51% of all gross gambling revenues. In contrast, New Jersey has a gambling tax of 14.25%, while there is a median tax rate of 11% nationwide. Only New Hampshire's gambling tax of 51% comes close to New York.   

Além disso, apenas nove sites de apostas são acessíveis para apostas on -line em Nova York - um deles sendo o Sportsbook bem conhecido, BETMGM.É um operador de jogo de topo, conhecido não apenas por suas opções de apostas e site de alta qualidade e por ótimas ofertas.Na verdade, o O código promocional da BETMGM ofereceu uma aposta sem risco de US $ 1.000 com seu bônus de boas -vindas para novos membros, mas foi retirado como destacado no início do mês. 

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Apositores esportivos nos EUA  

O mercado abriu quando a Suprema Corte decidiu elevar a proibição federal de apostas on -line, abrindo caminho para cada estado regular esse setor com suas próprias leis e regulamentos.   

Alguns dos estados conhecidos por serem modernos e atualizados com as últimas tendências da indústria são Nova Jersey, Delaware, Pensilvânia e outros estados.No total, havia 32 estados que legalizaram apostas esportivas de alguma forma.Nova Iorque Definitivamente ficou para trás do crescimento no setor de apostas quando se tratava de regulamentos do mercado de apostas;No entanto, as apostas on -line finalmente se tornaram legais em 2022 em Nova York, mas a um preço enorme.   

Pensamentos finais   

Embora alguns operadores sintam que seria difícil para eles obter lucro com as altas taxas de impostos ao mesmo tempo, eles não negam que Nova York seja um mercado muito atraente e lucrativo.Portanto, eles continuarão a fornecer as melhores opções possíveis para os nova -iorquinos que desejam apostar online.No geral, é Definitivamente, um passo adiante para o mercado de igaming nos EUA em geral, pois as apostas on -line estão cada vez mais recebendo mais atenção e se tornou uma opção popular para muitos usuários on -line. 

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