New NYS Law involving 5% surcharge to ADW's

[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