New NYS Law involving 5% surcharge to ADW's

[Payson Dave]

I recall hearing about a new law that is to go in effect 1/1/2014 regarding a 5% surcharge being charged to out of state ADW's taking bets on NY races...anyone know more about this? .. any updates?
Very likely to affect rebates.

Edit
Just found the following article from drf from back in August

http://www.drf.com/news/new-york-add...tate-companies

[cmorioles]

At least it is only for New York residents. Seems like a push to get people to NYRA.

[Payson Dave]

This is going to hurt... one alternative may be to use an out of state address with your ADW site. Talked with people from NHPlay..for $350 a year one can apparently have an LLC registered in Delaware with a Delaware address

[art vanderlay]

The law calls the 5 percent fee a “market-origin fee,” and it will be applied to any wager made by a New York customer, regardless of whether the customer is betting on a race at a New York track or an out-of-state track.

Ouch

[ateamstupid]

So is XpressBet going to pass this cost on to me?

[Payson Dave]

Originally Posted by ateamstupid

So is XpressBet going to pass this cost on to me?

I'll bet ya they do.

[ateamstupid]

Originally Posted by Payson Dave

I'll bet ya they do.

Probably a stupid question. I prefer NYRA Rewards anyway, but XpressBet is way easier to use on a phone so it'd be a bummer to not have that option when I need it.

[Payson Dave]

Originally Posted by ateamstupid

Probably a stupid question. I prefer NYRA Rewards anyway, but XpressBet is way easier to use on a phone so it'd be a bummer to not have that option when I need it.

NYRA Rewards, basic Xpressbet, & Twinspires don't offer all that great rebates..
AmWager/AmWest, Mutuels Online, are two ADW's that offer much better rebates...online or via phone