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DISCUSS: DraftKings, FanDuel say New York State tax rate needs to be lowered

Mobile sports betting has been a success in New York, but the state’s high tax rate could have an impact moving forward, officials with DraftKings and FanDuel say. The two organizations said at a hearing on Tuesday that the tax rate should be lowered from 51% on gross gaming revenue. It’s the highest tax rate among states with authorized mobile sports betting. It helped the state draw $709 million in revenue. Josh Durso discusses and explains the situation on Wednesday morning’s edition of Finger Lakes Today…

DiSanto Propane (Billboard)