Mobile sports-betting applicants face Monday deadline to conform with New York tax rate matrix or be disqualified

Mobile sports-betting applicants face Monday deadline to conform with New York tax rate matrix or be disqualified

Article brief provided by Sports Handle
  • Matt Rybaltowski, Sports Handle
October 21, 2021 11:41 PM
  • Matt Rybaltowski, Sports Handle

As the NFL season nears its midway point, the New York Gaming Commission is about to complete a key procedural step in the state’s competitive mobile sports betting bidding process by early next week.

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Bidders for a coveted mobile license in the Empire State will have until 5 p.m. on Monday to amend a so-called “pricing matrix” enclosed in the applications submitted by participating sportsbook operators in early August. The modified pricing matrix within the amended applications must conform with the commission’s “final tax rate matrix” for selecting bidders, according to a statement released by the commission Wednesday night.

Applicants that fail to amend their pricing matrix to reflect the final tax rate matrix will be disqualified, the commission advised in the statement.