New York state aims to raise $496 million from mobile sports betting

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New York State has proposed taxing and charging mobile sports betting. The assembly, the lower house of the region’s legislature, wants bookmakers to pay $12 million for a license for each betting platform and give the state 12% of gross revenue. This will allow the state to earn $180 million in 2022, $86 million in 2023, $112 million in 2024, and $118 million in 2025, lawmakers have calculated. Earlier, experts expressed the opinion that the toughening of the UK gambling legislation will have a positive impact on the state, in particular, it will provide additional revenue to the budget. As reported, in Ukraine, representatives of religious organizations spoke out against reducing the tax burden on the gambling industry. Recall that the Tanzanian Gambling Council has proposed introducing new taxes on online bets.

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