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Gaming operators challenge New York’s 51% sports betting tax at policy panel

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Fanatics, FanDuel and Boyd Gaming representatives argued at a National Council of Legislators from Gaming States panel that gambling companies pay substantial taxes. FanDuel’s Cesar Hernandez cited New York’s 51% sports betting tax, while a state assembly representative said the rate could not be reduced; speakers also discussed Michigan’s licensing fees and tax allocation.

The debate addresses tax conditions affecting operators in New York and Michigan.

End-of-day close Boyd Gaming (BYD), USD, to 3 September 2024
Story date5 June 20243 September 2024

Latest reported results

Boyd Gaming NYSE: BYD

Quarter ended 30 September 2026

Revenue
USD 990.5m10-Q filing 0001437749-26-033786
Operating income
USD 194.9m10-Q filing 0001437749-26-033786

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Wisconsin judge admits eight tribes to sports betting law challenge

A Waukesha County Circuit Court judge approved eight Native American tribes’ requests to join a lawsuit challenging Wisconsin’s online sports betting law. The court set a schedule for legal briefs through February and March, with oral arguments on 20 April 2027; a decision is unlikely before May. The law would allow the state to negotiate tribal agreements for online betting, but opponents argue the governor lacked authority to expand gambling this way.

Wisconsin's sports betting expansion will stay on hold for several more months after a judge let eight Native American tribes enter a legal challenge to the state's new betting law. Governor Tony Evers signed the legislation in April; it would enable the state to negotiate online sports betting agreements with tribal nations.

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