In determining whether an applicant is eligible for a license, SB 8009 states evaluation will take into account a series of factors into account. The New York State Gaming Facility Location Board will help the NYSGC oversee the application process. “For a gaming facility licensed pursuant, there is hereby imposed a tax on gross gaming revenues with the rates to be determined by the gaming commission pursuant to a competitive bidding process,” the legislation states. Senate Bill 8009, amended Tuesday, explains the New York State Gaming Commission will determine taxation on GGR for license holders following competitive bidding. The tax rate for New York’s upcoming three downstate casinos will be determined via a bidding process, according to budget legislation introduced by the state government.
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