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Originally Posted by infrontby1
All NY Residents that place wagers through an ADW that is not formed and organized in the state New York. This includes twinspires, TVG, expressbet, drfbets, amwager, darkhorsebet, etc. Pretty much all the sites you can wager from with the exception of those operated by New York racetracks.
Here's another article from one of the wagering sites listed above:
DO YOU LIVE IN NEW YORK?
If the answer is yes, this is an important announcement for you. A law set to go into effect Jan. 1 in New York will require out-of-state account-wagering operators to pay a 5-cent fee for every dollar wagered through their operations by a New York resident. 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.
Sadly, this hurts you, the player, and it hurts horseracing overall. At DHB, we have tried to give back as much in rewards as possible, but this new legislation will force us to lower the rewards structure on our players with NY addresses.
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Thanks. I got it now. They're just trying to bilk anyone who won't bet with them and force them to sign up with their own bet takers....sort of like NJ has done.
Even though this doesnt hurt me, i think i'm going to just stop betting their races. (not that i ever pick a winner there anyway)
