The proposal outlines amendments to the state’s current gambling laws, focusing on legal compliance. It suggests replacing Governor Andrew Cuomo’s centralized procurement model with an alternative structure utilizing existing land-based casinos. The plan includes a licensing fee of $12 million for each participating platform and a 12% tax on gross gaming revenue (GGR). According to the budget proposal, legalizing mobile sports wagering is projected to have a significant fiscal impact. It estimates $180 million in 2022, $86 million in 2023, $112 million in 2024, and $118 million in 2025. Additionally, the proposal seeks to modify a restriction on lottery draw game offerings. Currently, there is a law that limits daily offerings of games such as Pick 19, Take 5, Lotto, and future lottery games to only one. The new proposal suggests allowing these games to take place up to twice daily. This modification is expected to have a fiscal impact of $7 million in 2022 and an additional $9 million each year for the following three years.
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